Arab Today, arab today china discovers more oil reserves
Last Updated : GMT 11:54:19
Arab Today, arab today
Arab Today, arab today

China discovers more oil reserves

Arab Today, arab today

Arab Today, arab today China discovers more oil reserves

Beijing - Xinhua

China discovered 1.37 billion tonnes of oil reserves last year, up 20.6 percent from a year earlier, the Ministry of Land and Resources said Thursday. It is the ninth year for the country to see new oil reserves rise by more than 1 billion tonnes since 1949, Xu Dachun, deputy head with the ministry\'s mineral resource reserve department said at a press conference. Of the total, 1.17 billion tonnes, or 85.5 percent, of oil reserves were discovered in five major oil deposits located in Ordos Basin in Inner Mongolia autonomous region, Tarim Basin and Junggar Basin in Xinjiang Uygur autonomous region, as well as Bohai Bay Basin in eastern China. Each deposit was found with reserves over 100 million tonnes, Xu said. The country has increased efforts in oil and gas exploration over past years in an effort to meet the economy\'s expanding energy demand and ease its reliance on imports. Its energy consumption increased rapidly, making it a leading energy consumer in the world. Primary energy consumption went up 7 percent year-on-year to 3.48 billion tonnes of coal equivalent in 2011. Meanwhile, official data showed its oil dependency rate has been above 50 percent since 2009. Xu expected the dependency rate to start dropping after the economy\'s energy demand peaks, which many experts estimate at 2030. The country also discovered more reserves of natural gas and coalbed methane (CBM) last year. New reserves of natural gas increased by 29.6 percent year-on-year to hit 765.95 billion cubic meters in 2011, Xu said. Two deposits, the Sulige gasfield in Inner Mongolia and the Yuanba gasfield in Sichuan province, were found with natural gas reserves over 100 billion cubic meters. In addition, a total of 142.17 billion cubic meters of CMB reserves were detected last year, up 27.5 percent from the previous year, taking the country\'s total proven CMB reserves to 415.57 billion cubic meters as of the end of 2011. CBM is a type of natural gas that can be extracted from coal beds.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china discovers more oil reserves Arab Today, arab today china discovers more oil reserves

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday