New oil filed discovered in Inner Mongolia
Aug 08, 2009 02:00 AM
An oil field with about 140 mm tons of high-quality reserve has been discovered in north China's Inner Mongolia
Autonomous Region.
The oil field, in Chaogewenduer Township of Urad Rear Banner, was discovered by the Geophysical Exploration Company
of Zhongyuan Petroleum Exploration Bureau, a unit of China's state-run oil refiner Sinopec.
Shang Ruibin, an official of the exploration company, said exploitation would start in about a year.
About yuan 130 mm ($ 19.11 mm) has been invested in the exploration, up to 800 workers were involved.
