Crude oil output is to top 10
million tons this year in the oil-rich Tarim Basin, northwest
China's Xinjiang Uygur Autonomous Region, source with Tarim
Oilfield Company said in Korla, Xinjiang Tuesday.
The 560,000-square-kilometer basin,
known to economists as a strategic energy base, has become a major
oil and gas supplier, said Vice-General Manager Zhou Xinyuan.
The company expects to produce 11
million tons of oil and natural gas this year, he said.
Last year, the Tarim Basin yielded
8.86 million tons of crude oil -- exploited jointly by Tarim
Oilfield Company, a subsidiary of China National Petroleum
Corporation, and the Northwest China Branch of China National
Petrochemical Corporation.
Tarim Basin boasts estimated
resources of 10.7 billion tons of crude oil and 8.39 trillion cubic
meters of natural gas, while its proven geological reserves stand
at 440 million tons of oil and 664 billion cubic meters of natural
gas.
Exploration for oil and gas started
in the Tarim Basin in 1952, but massive exploitation was launched
in 1989, when the country put forward the strategy of "developing
oil resources in the west and stabilizing oil production in the
east".
So far, 15 oilfields and 14 gas
fields have been found in the basin, including the country's
largest desert oilfield -- Tazhong Oilfield.
The Tarim Oilfield is also one of
the major gas suppliers to the country's massive west-to-east gas
transmission project, which expects to provide eastern China's
areas with 6.5 billion cubic meters of gas this year through the
west-to-east pipeline.
(Xinhua News Agency August 3,
2005)
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