China has another 10-mln-tonne oil, gas production base

Time:2022-01-06 18:06:42      Source:Xinhuanet.com
China has opened another 10-million-tonne oil and gas production base, according to the Changqing oilfield, China's largest oil-and-gas field run by China National Petroleum Corporation (CNPC).
 
The Changqing oilfield's Longdong oil zone in the city of Qingyang, northwest China's Gansu Province, and its cooperative development zones for transferred mining rights have this year, as of Dec. 28, produced over 9.69 million tonnes of crude oil and 380 million cubic meters of natural gas, with an annual oil equivalent exceeding 10 million tonnes for the first time.
 
The Longdong oil zone has churned out a total of 110 million tonnes of oil equivalent over its years of operations.
 
The zone's proven oil reserves exceeded 3.2 billion tonnes by the end of this year, said Zhang Kuangsheng, head of the Oil and Gas Technology Research Institute of Changqing Oilfield.
 
Rich in oil, coal and gas resources, the city of Qingyang is an important energy base in China.
Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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