China Reports Major Offshore Oil Find – AP

From AP via IHT:

China has found a huge offshore field that could become the -hungry country’s biggest new oil source in a decade, a state news agency said Wednesday.

The scale of the discovery, if confirmed, would be welcome news to Beijing, which is struggling to reduce reliance on oil imports to fuel its booming economy. China is the world’s No. 2 oil consumer behind the United States and its oil imports rose 14.5 percent last year….[Full Text]

– Read also Report: China makes major new oil find by Businessweek

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.