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A substantial increase in China's oil and natural gas proved reserves in 2012
Source:China fertilizer   Author:Gao Wen   Time:2013-03-29   Read:757second  

March 27, the latest data released by the Ministry of Land and Resources, the substantial increase national oil and gas proved reserves in 2012, a steady increase in production, steady improvement of the protection of China's oil and gas resources. 2012, the National Petroleum newly proven geological reserves of 15.2 million tons, a year-on-year growth of 13%, is 10 times since the founding of New China, also the sixth consecutive year of more than 10 million tons of times. The new proven technically recoverable reserves of 270 million tons, an increase of 7%.
According to the person in charge of the Ministry of Land and Resources, to break through the full implementation of the strategic action as geological prospecting, exploration investment continued to increase significantly increased mineral resources prospecting, geological prospecting continue to make breakthroughs. 2012 annual national coal, iron ore and potassium 15 major solid mineral sylvite exploration of change, remaining mineral reserves have different levels of growth.

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