China found a substitute for Russian oil

01 December 2017, 11:36 | Economy
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Geologists confirmed the presence of China's own huge oil reserves. This Friday, December 1, the Xinhua news agency reported, citing information from the Chinese oil and gas giant PetroChina. The deposit was discovered in the Dzungarian basin near Lake Ma in the Xinjiang Uygur Autonomous Region of the country. According to the representative of the "daughter" of the concern Xinjiang Oilfield Tang Yun, "to date, three-stage geological oil deposits of about 1.24 billion tons. Of these, 520 million tons have already been fully proved ". The Chinese expert emphasizes that this field is larger than the pride of the United States - the Hamlock deposit in Alaska and than the Brazilian deposits in the Campus basin in the Atlantic Ocean. It should be noted that geological surveys were conducted in the Dzungar Depression for several decades. The difficulty was that Chinese specialists did not have the appropriate equipment. Now, modern means of geological prospecting allow us to say that in the area of ??

Lake Ma there is one more deposit with oil reserves, at least about 1 billion tons. But this assumption has yet to be proved.

Report on large oil reserves in China can have a significant impact on the world market. China is the largest importer of "black gold" in the world. In particular, it recently became aware of Rosneft's plans to increase oil supplies to China via Kazakhstan from the current 10 million tons per year to 18 million tons by the mid-2020s. Opened own prospects of China can destroy these ideas of the Russian company.




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