CNPC to further explore shale oil

Energy supplier will ramp up efforts to develop clean fuel and reduce imports

 

China National Petroleum Corporation, the country's largest oil and gas producer and supplier, reported steady daily production of shale oil of 20-30 cubic meters in its Dagang Oilfield, a sign of the industrial development of continental shale oil in the Bohai Bay Basin, it said.

 

CNPC aims to produce 50,000 metric tons of shale oil from the Bohai Bay Basin by the end of 2019 and to achieve production of 500,000 tons of shale oil by 2025 to further develop the clean fuel and ensure national energy security.

 

Source:chinadaily

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