CNPC Pledges to Ensure China’s Oil and Gas Supply Amid Iran Crisis

State-owned China National Petroleum Corporation (CNPC), the biggest oil and gas firm in the country, pledged to make “every effort” to ensure sufficient domestic supply of oil, gas, and fuels amid the Middle East crisis that has slashed supply to key markets, including China. Dai Houliang, chairman of CNPC, said on Thursday that the company would double down on supply security amid the external shocks, after the company directors met to discuss measures to implement to cushion the supply shock to the Chinese economy. Last week, CNPC…