The country’s import and export volume of petrochemical products in 2022 rose by 21.7 per cent YoY to $1.05 trillion.

Moreover, the country’s crude oil output reached 205 million tonnes in 2022, indicating a 2.9 per cent YoY increase, marking the fourth consecutive year of growth. The country's natural gas output was also up, standing at 217.79 billion cubic metres in 2022, a growth of 6.4 per cent YoY, according to Chinese media reports.

Fibre2Fashion News Desk (DP)