China discovers large quantities of oil, gas


(MENAFN) The Chinese Ministry of Land and Resources said that the country has discovered large quantities of oil and gas last year, Xinhua reported



Nearly 1.1 billion tons of oil deposits and 616.4 billion cubic meters of natural gas reserves were discovered in the year



Around 202 million tons of oil and 381.9 billion cubic meters of natural gas can be exploited with current technology



The ministry said: "Oil and natural gas discoveries maintained a strong momentum in 2013 with steady production increase as China strengthened its exploration efforts and made breakthroughs.


MENAFN

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