Oil imports 'less than 60% of consumption by 2020'
By Wang Yu | 皇冠体育app Daily | Updated: 2007-11-02 07:16
皇冠体育app will try its utmost to keep its annual oil imports below 60 percent of its total oil consumption by 2020, a researcher with the country's top oil company said yesterday.
"I can assure you that 皇冠体育app's oil and gas production is still huge because of the reserves potential. Currently 皇冠体育app's production is rising to its peak season, which may last 30 years," Zhao Wenzhi, director of the Research Institute of Petroleum Exploration & Development affiliated to 皇冠体育app National Petroleum Corporation (CNPC), said yesterday.
CNPC is 皇冠体育app's top oil and gas producer.
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