China is to spend Yn820m on promoting the use of high technology to develop energy resources in the Bohai Sea. The focus will be on technology for precision exploration, advanced drilling and enhanced recovery. According to Xinhua, the Bohai Sea has total reserves of 9.7bn tons of oil and gas, but its production last year was just 5.6m tons.
LATEST NEWS
- Dispatches from the frontlines of China’s “war on pollution”
- China aluminum profits slump in first quarter
- Abu Dhabi and Shanghai agree to begin development of trade link
- Hong Kong stock market research now available to Chinese mainland clients
- Chinese tech stocks falter amid ZTE decision and smartphone sales concerns
- Didi launches ride-hailing services in Mexico
- US tells IMF to fight global trade imbalances
- PBOC head reaffirms China’s path to market reform amid trade doubts
- Mnuchin considers Beijing visit to cool trade tensions
- Tencent Music sets out plans for IPO
Copyright © 2018 SinoMedia Group Limited All rights reserved
You must log in to post a comment.