china, us look tooil imports
Article Abstract:
With economic growth in China and U.S, both countries are required to import oil in the future despite having oilfields. The following table shows the comparison between China and U.S oil consumption and imports amount. 1995 1996 1997 China, per capita 0.13 0.14 0.15 oil consumption U.S, per capita 3.05 3.07 3.08 oil consumption China, oil imports 32.6 40.3 61.47 oil exports 23.13 24.7 25.42 US,oil imports 451.31 485.49 508.7 oil exports 45.27 49.43 53.48 # unit in million tonnes *
Comment:
China: Is required to import oil in the future despite having oilfields due to economic growth
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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daqing oilfields keep pumping despite floods
Article Abstract:
Daqing oilfields which supplies about 50% of the country's annual petroleum was affected by floodings in recent months. According to unconfirmed sources, the oilfields output was expected to drop between 3,000 and 11,000 tonnes. The daily output was down by 3,724 tonnes barrels or 4% from early August 1998. The officials said 190,000 people were pumping water out of Daqing oilfields with about 5 mn cubic metres water. *
Comment:
China: Daqing oilfields which supplies about 50% of country's annual petroleum is affected by floodings
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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Development of Bohai Sea oilfield to be speeded up
Article Abstract:
China Offshore Oil Bohai Corp will develop two large oil fields in central Bohai which can produce 4 mn tons of oil annually. The Qinhuangdao 32-6 oil field has oil reserve of 170 mn tons and Nanboa 35-2 has 70 mn tons. The Qinhuangdao will begin production in 2003 and Naboa in 2004. The company will invest RMB7.29 bn to build oil pipelines and berth in Jingtang port in Tangshan city to transport the oil. *
Comment:
Will develop two large oil fields in central Bohai which can produce 4 mn tons of oil annually
Publication Name: HK Standard
Subject: Business, international
ISSN:
Year: 1998
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