China discovers more oil and gas in Northwest
China has discovered another 120 million tons of oil and 16.6 million cubic meters of natural gas in geological reserves in the Basin between Shanxi and Gansu provinces and the Ningxia Hui autonomous region in the Northwest. The discoveries, made by the Changqing Petroleum Exploration Bureau, show that the basin has strong prospects for oil and gas explorations. The bureau, famed for its oil and gas discoveries, has verified in the Basin between 1991 and 1995, more than 320 bncm of natural gas, or 47 % of the country's total gas reserves confirmed in the period. So far, China has invested a total of 420 million yuan ($ 50.6 mm) in the field. China is building gas pipelines from the basin to Xi'an and Beijing, with the two cities having gas supplies in July and September next year, respectively.