32 tracked facilities, ≈160,128,617 t CO2/yr combined — here are the largest, what that CO2 is worth at current prices, and the sector's reduction pathway. Full sector pathway: decarbonizing oil & gas production.
| Metric | Value | Note |
|---|---|---|
| Facilities tracked | 32 | with CO2 estimates |
| Total est. CO2 | 160,128,617 t/yr | Climate TRACE 2023 |
| Average per facility | 5,004,019 t/yr | |
| Indicative carbon value | €12,394M/yr | at €77.4/t EUA |
Carbon pricing here: National ETS (intensity-based): ¥86.13 (31 Mar 2025, Argus). 2024–25 expansion added cement, steel, aluminium (~+3 Gt). Current benchmark: ¥86.13/t (31 Mar 2025). Full country page: carbon price in China.
| # | Facility | Owner | t CO2/yr (est. 2023) | Indicative value |
|---|---|---|---|---|
| 1 | China_North China_Heavy oil | CNOOC Ltd | 25,935,829 | €2,007.4M |
| 2 | China_Ordos_Tight gas | PetroChina Changqing Oilfield Branch Co | 25,338,730 | €1,961.2M |
| 3 | China_Songliao_Conventional onshore | — | 18,664,724 | €1,444.6M |
| 4 | China_Tarim_Conventional onshore | PetroChina Tarim Oilfield Co | 13,479,651 | €1,043.3M |
| 5 | China_Sichuan_Acid/sour gas | — | 10,428,715 | €807.2M |
| 6 | China_North China_Conventional onshore | Sinopec Shengli Oilfield Co | 9,603,187 | €743.3M |
| 7 | China_North China_Conventional shelf | CNOOC Ltd | 7,896,356 | €611.2M |
| 8 | China_Junggar_Conventional onshore | — | 6,980,204 | €540.3M |
| 9 | China_Sichuan_Shale gas | — | 6,820,243 | €527.9M |
| 10 | China_Ordos_Conventional onshore | — | 5,640,607 | €436.6M |
Climate TRACE satellite estimates via IndustryAtlas — modelled, not verified; some entries aggregate clusters. Corrections welcome.
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