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NEWS & COMMENTARY 2008 SPEAKERS 2007 2006 2005

Friday, December 30, 2005

China finds large oil deposit

According to remarks of a Chinese explore expert on Thursday that a massive oil deposit of 500 million tons has been discovered in an area near Lanzhou, capital of Northwest China's Gansu Province.

Sources also noted the 500 million tons deposit equal to 3.65 billion barrel, which would be equivalent to around four years of China's oil imports at current rates.
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