Qinghai Oilfield to be expanded
(Xinhua) Chinese state media has announced that Qinghai Oilfield will install a
10-million-ton oil and gas capacity during Beijing’s eleventh Five-Year Plan
(2006-2010). The oilfield, with 120,000 sq kilometres of exploration area, has
327.95 million tons of proven crude oil reserve and 306.4 billion cubic metres
of natural gas.