Latest News:  


China's proven oil, gas deposits surge


19:18, March 27, 2013

BEIJING, March 27 (Xinhua) -- China's crude oil and natural gas reserves discovered within its mainland saw sharp rises last year, a natural resources official said on Wednesday.

Xu Dachun, vice director in charge of resources exploration with the Ministry of Land and Resources, said China found 1.52 billion tonnes of new crude deposits in 2012, up 13 percent year on year. Of them, 270 million tonnes can be exploited with current technologies.

China discovered 961.22 billion cubic meters of natural gas last year, up 33 percent year on year. The proven reserves also hit a record high, Xu said. Out of the newly found deposits, 500.8 billion can be exploited with current technologies, up 36 percent.

Along with increasing oil and gas discovery, the output of the two fuels rose in 2012. China produced 205 million tonnes of crude oil and 106.76 billion cubic meters of natural gas last year, up 1 and 5.4 percent year on year, respectively.

The output of coal-bed methane, an unconventional gas, stood at 2.57 billion cubic meters, up 24 percent year on year.

We recommend:

China's financial might takes shape

Top 10 Chinese cities with highest urbanization quality

Chinese investment in Africa: Digging deeper

Top 10 innovative cities in Asia-Pacific

Nation may limit gold to 2% of foreign reserves

Lu Zhaoxi named Alibaba's new CEO

Email|Print|Comments(Editor:Yan Meng、Wang Jinxue)

Leave your comment0 comments

  1. Name


Selections for you

  1. Live-ammunition firing practice

  2. Escort Taskforce arrives in Valletta

  3. Cypriots protest against 'haircuts'

  4. Strong sand storm swallows Lanzhou

  5. The toughest roads to school

  6. TV on modern Chinese couple hits Africa

  7. Bodybuilding in Afghanistan

  8. Int'l Clothing & Accessories Fair held in Beijing

  9. BYD profits tumble in 2012

  10. Beijing's second oldest McDonald outlet shut

Most Popular


  1. BRICS summit offers bright sunrise
  2. Western leaders learned nothing from Iraq disaster
  3. What are the fruits of Obama's Middle East visit?
  4. Home prices thwarts people's 'Chinese dream'
  5. Economic slowdown puts peaceful rise in focus
  6. Xi's Russia visit yields concrete results
  7. Opportunities, not threats
  8. Iraq War tenth anniversary gives us revelations
  9. Richer parents, more fashionable children
  10. Hopes for Obama's trip

What’s happening in China

6.5-magnitude quake hits Taiwan

  1. China to punish phony business trip officials
  2. Pollution may close observatory
  3. Li Ning hit by first annual loss since 2004 listing
  4. Credit system to rein in matchmaking agencies
  5. Govt should put Funeral Law on agenda: experts