CHINA TO HIKE OIL FLOW VIA TECHNOLOGY IMPORTS

China plans to spend $500 million to import petroleum technology and equipment during the next 5 years. It's part of a drive to boost oil production to 2.9 million b/d by 1995 from 2.76 million b/d in 1990, says China National Petroleum Corp. (CNPC) Pres. Wang Tao. Oil flow during the first 2 months of 1991 averaged 2.79 million b/d. During a speech to a national oil conference in Beijing, Wang disclosed a three prong strategy to improve the nation's oil industry, China Daily

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