Three barrels of oil from Xinjiang nearly 30 oil and gas blocks tender for the whole society

Three barrels of oil from Xinjiang nearly 30 oil and gas blocks tender for the whole society

Abstract: the January 21st Meeting of the the Xinjiang Uygur Autonomous Region land and resources work conference, after several rounds of consultation, Sinopec, PetroChina, CNOOC’s 3 oil companies agreed to withdraw from the 300 thousand in Xinjiang, nearly 30 square kilometers of oil and gas exploration blocks in Xinjiang will start the second round of nearly 30 oil and gas exploration blocks for the whole society to tender this year. To further accelerate the exploration and development of oil and gas resources in Xinjiang. See details []

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China’s crude oil processing volume increased by 2.8% last year, a new high

Abstract: the Sinopec news network due to storage facilities added oil inventories before long holidays in China in December last year, the refinery production hit a new high, thus the domestic crude oil processing volume last year, an increase of 2.8% new high. See details []

In 2016 the new oil proved oil and gas equivalent of more than 11 tons

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Abstract: learned from Chinese Petroleum Corporation in 2016, international oil prices continued to slump, production and management difficulties facing severe challenges, oil and gas exploration results Chinese rich, the annual domestic new proven oil and gas equivalent of more than 11 tons, of which oil geological reserves of 6.49 tons, natural gas geological reserves of 598 billion 500 million cubic meters. See details []

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