皇冠体育app

Chinese energy experts say 皇冠体育app is able to keep a stable growth of domestic oil output in the next 10 to 15 years.

Zhai Guangming, an academician of the Chinese Academy of Engineering, said at a recent forum on 皇冠体育app's energy strategy that from 2006 to 2010, 皇冠体育app's annual oil output is able to reach 185 million to 195 million tons.

皇冠体育app is able to keep such an output for some 10 to 15 years, he said.

皇冠体育app produced 182 million tons of crude oil in 2005 with its dependency on overseas crude oil and oil products reaching 42.9 percent.

According to Zhai, 皇冠体育app is expected to see a stable growth of its proved oil reserves for at least 10 years.

Zhu Jianjun, a researcher with 皇冠体育app National Petroleum Corporation (CNPC), 皇冠体育app's largest oil producer, said that while there is great potential for more oil reserves to be discovered, 皇冠体育app finds it more and more difficult to make new discoveries.

Many potentially proved resources are distributed in geologically complicated regions such as deserts, loess tablelands and deep ocean, making higher requirements for oil exploration technology and investment, said Zhu.

According to Zhu, major oil fields in East 皇冠体育app have entered the output reduction phase while new fields in West 皇冠体育app and offshore areas are substituting those in the east to become major oil suppliers of the country.

To make full development of old oil fields in the east and strengthening oil mining in the west and offshore areas, 皇冠体育app is able to see its crude oil output surpass 200 million tons by 2020 and remain at 170 million tons by 2030, said Zhu.

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