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China reports major oil find, eyes reserves of 2.2 billion barrels »

Posted by: gatitabonitasen 2 years, 9 months ago

BEIJING - For 15 years, China's oil companies have scoured its territory for new oil sources, drilling in Central Asian deserts and the floor of the Pacific, hoping to reduce rising dependence on imports. After years of disappointment, one company reportedly has made a major discovery. PetroChina Ltd. has found an offshore field that could be

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Comments: 2
  • Avg rating: (+1/-1 0)Zeitgeist
    Zeitgeist
    March 29, 2007, 3:24 p.m.

    So much for the "peak oil" concept...

    • Avg rating: (+1/-0 1)brothers
      brothers
      March 29, 2007, 5:29 p.m.

      And how long do you think that will last them with that population they have. Not to long I think.

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