Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Stray dogs in short supply as students rush in to walk them – at what risks?
Turning 60 but still working? How to encourage China’s retirees back to work
Sunday
- Subscribe
China firms tap B&R oil and gas supply
Print Edition
CHINA’S Belt and Road initiative is helping domestic petrochemical firms expand by tapping the enormous supply of oil and gas in countries along the B&R region, said PetroChina at a conference yesterday.
The company’s overseas oil and gas production totaled 76 million tons of oil equivalent last year, of which 59 million tons were from the region, said Zheng Jun, vice president of PetroChina International Co, at the sixth China International Oil and Gas Trade Congress in Shanghai.
The region accounted for 53 percent of the world’s oil production and 46 percent of gas output last year, Zheng said. He added that there’s great growth potential as 131.5 billion tons of crude have been explored there, making up 55 percent of the globe’s total.
Meanwhile 1.4 million cubic meters of natural gas have been explored in the region, or equivalent to 76 percent of the world’s total, Zheng added.
Supply has long exceeded demand in the region and this has attracted domestic petrochemical companies to collaborate and expand there.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
