China discovered 400 million tons of oil in 2023

Chinese mining companies discovered new oil fields in 2023 with reserves of about 400 million tons, as well as 400 billion cubic meters. m natural gas. This was stated by Ou Haiyan., Chief Planning Specialist at the Ministry of Natural Resources of the People’s Republic of China.

«Last year, China discovered oil fields with reserves of 400 million tons, as well as 400 billion cubic meters of gas» he said.

According to the official, China occupies an “increasingly strong preferential position” in the extraction of minerals such as tungsten, molybdenum, antimony, crystalline graphite and phosphorite. As for the extraction of lithium, cobalt and nickel, the country has recently achieved a “big breakthrough” in exploration work.

«It should be said that we are constantly strengthening our capacity to provide resources to new emerging industries that are of strategic importance,» Ou Haiyan added.