Home Business China International Culture��Edu Sci��Tech Sports Life Travel P hotos ��Search China Observer �� How to rescue China's underperforming stock market �� Ma Kai: China's economy and macro-control policy �� China's petroleum import dependency to top 50% in 2010 Photos �� "Chocolate car" dazzles Xi'an �� Tokyo International Boat Show displays a "never sinking boat" �� 100,000 people flocked to the Dragon Pond Temple Fair ��Home>>Business China finds more oil and natural gas reserves www.chinanews.cn 2005-02-13 11:19:04 (Source��Agencies) CNOOC' crude oil output expected up 19% Thanks to intensified exploration efforts, China's three major oil companies found more oil and natural gas reserves in 2004. According to People's Daily, China National Petroleum Corp (CNPC) found 520 million tons of new oil reserves and 243.6 billion cubic meters of natural gas reserves in six regions in 2004. Sinopec found 328 million tons of new oil reserves and 177.9 billion cubic meters of natural gas reserves last year. China National Offshore Oil Corporation also found two new oilfields. In addition, the three companies also stepped up oil exploration overseas last year. Among them, CNPC signed new contracts to jointly explore and tap oil and natural gas resources in some foreign countries. ��CNOOC' crude oil output expected up 19% (2005-02-04) ��China's crude oil import hits record high in 2004 (2005-02-04) ��Breakthrough in China's oil extraction technology (2005-01-26) ��Sinopec enters the U.S. oil market (2005-01-25) ��New breakthrough in coal-to-oil core technology (2005-01-24) ��China crude oil shortage to be over 3m barrels a day in 2008 (2005-01-19) ��China imported 120 million tons of crude oil last year (2005-01-13) E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax: 8610-68327649 Copyright� 2004 Chinanews.com. All rights reserved. Reproduction in whole or in part without permission is prohibited. Disclaimer: viewpoints in the website do not represent China News Service Learn Chinese, Chinesepod