01 June 2006
Qinghai Oilfield to be expanded
(Xinhua) Chinese state media has announced that Qinghai Oilfield will install a 10-million-ton oil and gas capacity during Beijing’s eleventh Five-Year Plan (2006-2010). The oilfield, with 120,000 sq kilometres of exploration area, has 327.95 million tons of proven crude oil reserve and 306.4 billion cubic metres of natural gas.