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Xinjiang expected to be
new relief for China's energy resource supply
www.chinaview.cn 2004-06-01 22:34:30
URUMQI, June 1 (Xinhuanet) -- Xinjiang Uygur
Autonomous Region, innorthwest China, is expected to
replace northeast China as the newrelief for
sustaining the supply of energy resources for the
country's economic development, according to a layout
on the region's oil and chemical industry development.
Xinjiang will supply over one fifth of the total oil
by 2010, including an output of 35 million tons and an
import of 10 milliontons of crude oil from Kazakhstan.
By then, it will also offer 28.4 billion cubic meters
of natural gas each year.
Wang Yilin, deputy general manager of the China
National Petroleum Corporation, said Tuesday at a
seminar on the layout that China will speed up in
exploiting oil and natural gas in thisautonomous
region.
He estimated the newly-proved reserve of oil in
Xinjiang will reach to one to 1.4 billion tons while
natural gas to over 300 billion cubic meters in next
six years.
During the period, two giants respectively with an
annual output of 20 million tons of crude oil and
natural gas will be established in Jungar and Tarim
basins, he acknowledged.
Wang Jiming, deputy general manager of China National
Petrochemical Corp., said on the same day that his
corporation hadset up a branch for exploiting oil in
China's west and will continuously accelerate its pace
in energy resource exploitation in this region.
Xinjiang is believed to be storing up 20.9 billion
tons of oil and 10,850 billion cubic meters of natural
gas, respectively making up 25.5 percent and 27.9
percent of the total on-land oil and gas reserves of
the country.
By the end of 2003, the cumulative total of the proven
oil deposits in Xinjiang had been more than 2.7
billion tons while a geological reserve of natural gas
rose to 975.3 billion cubic meters.
Last year, the autonomous region made an output of
21.41 million tons of oil and 5.03 billion cubic
meters of natural gas. Enditem
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