According to CoinMeta, on October 21st, the National Energy Administration held a meeting to advance the work of increasing oil and gas reserves and production in the medium to long term. The meeting emphasized that oil and gas companies must assume the core responsibility of ensuring national energy security, increase oil and gas production and supply capacity, and promote the increase of reserves and production. The meeting called for the thorough implementation of a "ten-year action plan" for oil and gas exploration and development, and to accelerate the establishment of national-level strategic oil and gas security bases. Oil and gas companies are required to increase investment, strengthen technological research, promote the increase of reserves and production in key areas, and achieve a steady increase in crude oil production and rapid growth in natural gas production. At the meeting, companies such as China National Petroleum Corporation (CNPC), Sinopec, and CNOOC introduced their work arrangements for the next phase.