China pushes domestic upstream development

China’s national and international oil companies are actively involved in exploration and development projects on and offshore China.Commentaries attribute China’s quest for overseas petroleum to its lack of domestic oil and gas resources. But according to production figures from the US Energy Information Administration, China in 1998-2005 produced more oil than any OPEC country, except Iran and Saudi Arabia, more oil than Canada, the UK, or any Latin American or European country (Table 1). Click here to enlarge imageAmong China’s varied onshore petroleum resources are:• The Daqing oil fields in Helongjiang Province, Manchuria, northeastern China, which began pro...

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