(EnergyAsia, April 19) — China’s proven crude oil reserves will only meet 11 years of consumption, down from previous estimates of between 14 and 15 years if no new reserves are found, said the Ministry of Land and Resources. The ministry said China’s total recoverable oil reserve stood at 2.04 billion tons as of…
CHINA: Proven crude oil reserves down to 11 years
Posted on April 19, 2007 by EnergyAsia