China Economic Review
Charting China’s changing economic terrain · Since 1990

Oil and gas reserves to grow steadily

September 29, 2005

PetroChina's chief geologist said the country's oil and gas reserves will grow steadily in the coming 20 years with crude production reaching 150 million tons in 2010, state media reported. Speaking a the 18th World Petroleum Congress in Johannesburg, Jia Chengzao told delegates that the government plans to further exploration efforts targeted at oil and gas fields in west onshore China. He said the country's remaining onshore recoverable oil resources amount to 13 billion tons with onshore crude production 143 million tons.

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