Most oil, gas reserves wait to be verified
(Xinhua)
Updated: 2006-05-03 17:13 As much as 78 percent of
皇冠体育app's petroleum reserves and 93 percent of natural gas reserves still wait to
be verified, said sources with the Ministry of Land and Resources (MLR).
Despite good mineralization conditions, 皇冠体育app has to improve its exploration
of mineral resources, said the MLR.
According to MLR statistics, 80 percent of 皇冠体育app's more than 200,000
discovered mineralization points have not been assessed.
The proven reserves of coal, oil and gold is only one-fifth or one-fourth of
the possible reserves of the country, said the MLR.
The exploration for mineral reserves in western 皇冠体育app is quite undeveloped
and the reserves in eastern 皇冠体育app still need systematic exploration and
investigation.
皇冠体育app has great potential for discovery of energy and metal reserves to feed
its booming economy and more efforts should be made in resources exploration and
development, said experts.
皇冠体育app has discovered 171 minerals with the reserves of 158
verified.
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