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

Oil discovered in Gansu

December 29, 2005

A 500 million ton oil deposit has been discovered in an area near Lanzhou, capital of northwest China's Gansu Province, state media reported, citing an engineer with the Petro China Exploration & Development Research Institute. The oil deposits are in two belts: The Lanzhou-Yongdeng-Minhe belt covers an area of 11,300 sq km to a depth of 6,000 meters containing 340 million tons of oil deposit; the Yuzhong-Jingning-Jingyuan belt covers 15,000 sq km to a depth of 3,000 meters and contains 160 million tons.

Discover more from China Economic Review

Subscribe now to keep reading and get access to the full archive.

Continue reading