Home>News Center>China
           
     

    China to calculate oil and gas reserves
    (Xinhua)
    Updated: 2004-11-25 00:01

    China will adopt new standards to calculate and register its verified oil and natural gas reserves to get accurate data.

     The calculation will be based on the Classification of Resources and Reserves of Oil and Natural Gas, a new national standard that was implemented beginning Oct.1, Vice Minister of Land and Resources (MLR) Wang Min said here Thursday.

     He said that the calculation will focus on the geological reserves and workable reserves of the country's oil and natural gas to facilitate their rational utilization and protection.

    A leading group has been established to direct the work, which includes members of MLR and three state-owned oil companies, he said. The work will be completed by the middle of 2006.

    China's booming economy is feeling the pinch caused by shortages of energy resources, including oil. Experts predicted that country's oil imports will jump by nearly 10 percent this year to 100 million tons, accounting for 40 percent of the total consumed.

     To ease energy shortages, the Chinese government stepped up the prospecting and extraction of domestic oil and natural gas resources.

    Last year alone, the country spent 22.7 billion yuan (about 2.7 billion US dollars) on the prospecting of oil and natural gas resources, a jump of 20.55 percent from the previous year.

    Official figures indicate that China has 106.9 billion tons of oil reserves and 53 trillion cubic meters of natural gas reserves.

    However, it is estimated that the workable oil deposits are between 13 billion tons and 16 billion tons, while that of natural gas amounts to between 10 to 15 trillion cubic meters.



     
      Today's Top News     Top China News
     

    Energy use to double by 2020, report says

     

       
     

    US$46,000 offered to nab Beijing drug dealers

     

       
     

    China to audit senior military officers

     

       
     

    Air crash raises safety concerns

     

       
     

    China, Cuba to stick to independent road

     

       
     

    US rejects Ukrainian election results

     

       
      Shanghai targets empty cabs for traffic woes
       
      Vast water supplies hidden under N. China desert
       
      Beijing colleges say no to free condom
       
      US$46,000 offered to nab Beijing drug dealers
       
      Nation to sign ASEAN integration agreements
       
      Tourism business booms in China with big market
       
     
      Go to Another Section  
     
     
      Story Tools  
       
      Related Stories  
       
    OPEC chief: Oil prices to drop in 2005
       
    China's oil imports rise to hit record high
       
    Fuel oil imports rise to hit record high
       
    China rejects Vietnams' request to cease oil exploration
       
    Fuel oil futures mart running well
       
    Oil fades toward $47, awaits U.S. data
       
    Iran wants China its top oil importer
      News Talk  
      It is time to prepare for Beijing - 2008  
    Advertisement
             
    久久久久久久人妻无码中文字幕爆| 少妇人妻偷人精品无码视频| 久久水蜜桃亚洲av无码精品麻豆 | 无码AV波多野结衣久久| 乱人伦人妻中文字幕无码| 最近中文字幕大全免费版在线| 国产成人无码一区二区三区在线| 亚洲中文字幕无码久久2020| 国产成人无码一区二区在线播放 | 亚洲欧洲日产国码无码网站| 婷婷综合久久中文字幕蜜桃三电影| 亚洲av永久无码精品国产精品| 天堂最新版中文网| 91中文字幕在线观看| 中文字幕乱码人妻无码久久 | 人妻少妇久久中文字幕| 四虎成人精品国产永久免费无码| 色偷偷一区二区无码视频| 亚洲AV日韩AV永久无码免下载| 中文字幕无码不卡免费视频| 日本在线中文字幕第一视频| 日本中文字幕网站| 超清无码无卡中文字幕| 天堂а√中文最新版地址在线| 人妻无码久久精品| 天堂AV无码AV一区二区三区| 91无码人妻精品一区二区三区L| 精品深夜AV无码一区二区| 精品爆乳一区二区三区无码av | 久久99久久无码毛片一区二区| 熟妇人妻中文字幕无码老熟妇| 日韩AV无码精品人妻系列| 久久久无码人妻精品无码| 69天堂人成无码麻豆免费视频| heyzo专区无码综合| 免费a级毛片无码| 综合国产在线观看无码| 精品久久久无码人妻中文字幕豆芽| 久久婷婷综合中文字幕| 最近2019年中文字幕一页| 最近高清中文在线字幕在线观看|