Oil Reserves
Sinopec, China's largest oil refiner, announced the discovery of two major shale oilfields in the east of the country with combined proven reserves of 180 million tonnes. The confirmation of the Xinxing and Qintong oilfields, which was approve..
China will release crude oil from its reserves according to its needs, a foreign ministry spokesman said on Wednesday, adding that the country was in close communication with oil-producing and oil-consuming countries. The United States said on Tue..
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