China adds more oil, gas reserves in 2011

2012-11-2

China, the world's top energy user, added more oil and gas reserves last year versus 2010, an official of the Ministry of Land and Resources said on Thursday.

New geologically proven oil reserves were 1.34 billion tonnes (9.78 billion barrels) in 2011, up 18 percent from the previous year, while new proven natural gas reserves surged 22 percent to 722.5 billion cubic metres, a ministry official quoted 2012 China Mining Resources Report as saying.

The report will be released in the next few days.

Remaining oil reserves that are technically recoverable stood at 3.24 billion tonnes (23.65 billion barrels) at the end of 2011, up 2.1 percent from the previous year, said the official who declined to be named because he is not authorised to talk to the media.

Remaining natural gas reserves that are technically recoverable were 4.02 trillion cubic metres at the end of last year, up 6.4 percent from 2010, the official added.

Potential assessments by the ministry showed China's onshore geological shale gas resources were 134 trillion cubic metres, while recoverable shale gas resources were 25 trillion cubic metres, he added, in line with the ministry's earlier estimate announced in March.

Of the other mining resources, proven coal resources were 1.38 trillion tonnes at the end of last year, iron ore resources were 74.39 billion tonnes, copper ore 86.12 million tonnes, bauxite 3.87 billion tonnes, and gold 7,419 tonnes, according to a report on the ministry website on Thursday.

Total investment in exploring mining resources rose 9.2 percent to 111.82 billion yuan ($17.9 billion) in 2011. Of which, investment in oil and gas exploration rose 9.4 percent to 67.47 billion yuan, it added. ($1 = 6.237 Chinese Yuan)

 相关文章
信息订阅
业界访谈
中国企业公民委员会会长田润之致辞
在经济全球化深入发展的今天,企业履行社会责任已成为国际社会广泛共识。2010年11月1日首个国际社会责任标准ISO26…[详情]
互联网信息服务许可证号: 京ICP证020082号 广告经营许可证: 京海工商广字第0410号
工商红盾网站注册标号: 010202002052000296号  公安机关备案编号:北京市海淀分局1101081633