China Becoming More Dependent On Foreign Oil Supplies - Hallo friendsINFO TODAY, In the article you read this time with the title China Becoming More Dependent On Foreign Oil Supplies, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article economy, Article health, Article hobby, Article News, Article politics, Article sports, We write this you can understand. Alright, good read.

Title : China Becoming More Dependent On Foreign Oil Supplies
link : China Becoming More Dependent On Foreign Oil Supplies

China Becoming More Dependent On Foreign Oil Supplies

Tim Daiss, OilPrice.com: The Clock Is Ticking For China’s Oil Independence

China is pulling out all stops in order to increase its oil and gas production, but at the end of the day it will likely not be enough to stop the world’s second largest economy from becoming over reliant on geopolitically charged crude oil and natural gas imports.

On Monday, state-run Chinese oil majors CNPC and Sinopec, also Asia’s largest refinery, said they were speeding up drilling and exploration from major tight oil and shale gas formations in the country’s western regions. CNPC also said that new exploration in shale gas, tight oil and tight gas will lead to growth in production for the country’s largest oil and gas producer.

The company added that the drilling cycle at the Mahu field in Xinjiang, one of CNPC’s largest findings in recent years, fell around 40 percent the previous year. A Reuters report said this implies that oil wells are being completed and produced at a faster rate.

Read more ....

WNU Editor: This is one of China's Achilles Heels.

Thus Article China Becoming More Dependent On Foreign Oil Supplies

That's an article China Becoming More Dependent On Foreign Oil Supplies This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article China Becoming More Dependent On Foreign Oil Supplies with the link address https://infotodays1.blogspot.com/2018/11/china-becoming-more-dependent-on.html

Tweet

Subscribe to receive free email updates: