1-Billion-Ton Oil and Gas Field Discovered in Xinjiang's Tarim Basin, China !

[Beast]

Exactly because it’s sunset there would be no point in keeping them saved for the future. 16 billion tons is equal to 285 billion barrels. Considering that there are other reserves, the total for China will come out to be 300billion barrel plus. More than anyone else. If that were the case, there won’t be any need to rely on any other country and absolute energy security would have been achieved. Which doesn’t seem to be.

You still oil to make other commodities like plastic and lubricant now and future... But that area of margin are low. There will still be area of usefulness of oil. Plus Sinopec core business is trading of oil. It is in their core to trade and import oil.

 

[Azadkashmir]

When there is a Muslim, there is petrolium in ground.

muslim are natural oil finder and where their is oil, western democracy follows.

 

[Qmjd]

It took hundreds of million years to form petroleum. Yet the Muslim history is only a thousand years.

From adam to MUHAMMAD pbuh every prophet is muslim so as thier followers.
It's only devil and his followers ,who,s on opposite sides.

 

[Daniel808]

How can this be true? 16 billion tons just in Tarim will make China the biggest oil reserve country. But that’s not the case. And China is an oil importing country.

Saudi arabia itself have proven reserves of almost 41 Billion tons of oil

 

[zhxy]

If this oil field is exploited, it will quickly run out. China's demand is too great. China can choose to continue importing oil from abroad while investing in renewable energy. The current oil field is considered as a strategic reserve, it can help China in the event of a blockade from abroad or the country's reconstruction after a nuclear war.

 

[Beast]

Saudi arabia itself have proven reserves of almost 41 Billion tons of oil

Venezuela has 2 trillion, I believe but the oil is deeper to extract and not so profitable.

 

[Daniel808]

If this oil field is exploited, it will quickly run out. China's demand is too great. China can choose to continue importing oil from abroad while investing in renewable energy. The current oil field is considered as a strategic reserve, it can help China in the event of a blockade from abroad or the country's reconstruction after a nuclear war.

Honestly, NO

China's oil consumption only 12 million barrels per day.

And with the advancement of technology, most oil producer have higher proven reserves than yesterday, like Saudi arabia, Venezuela, Russia, and China.

Even they pumping million of barrels daily, their oil reserves keep getting bigger

 

[Azadkashmir]

Honestly, NO

China's oil consumption only 12 million barrels per day.

And with the advancement of technology, most oil producer have higher proven reserves than yesterday, like Saudi arabia, Venezuela, Russia, and China.

Even they pumping million of barrels daily, their oil reserves keep getting bigger

but getting very expensive to buy.

 

[Daniel808]

Venezuela has 2 trillion, I believe but the oil is deeper to extract and not so profitable.

Yes, Venezuela one is Heavy oil. It's need further process to be useful.

Meanwhile, Saudi Arabia Russia and China oil reserves are Light sweet oil. That's good quality & have a good price.


But compared to flat desert land of Saudi arabia, China's Tarim Basin deposit located in Mountaneous region.


But China already solved that problem, with Horizontal drilling Technology

 

[Zibago]

I hope this helps in calming down oil prices
I hope this helps in calming down oil prices

 

[Daniel808]

Maybe that was why Americans tried to feed some dose of their freedom to people of Xinjiang.

Watch out guys! the freedom empire of chaos is closely watching the situation.

If you’re a country with resources, then you’re in trouble with America

https://twitter.com/x/status/1406132889302056960

 

[Beidou2020]

This reserve should be used during a war. Always use import oil and gas during peace time and use your own reserves during war.

 

[casual]

This reserve should be used during a war. Always use import oil and gas during peace time and use your own reserves during war.

Yes. Especially since it's not profitable right now due to the difficult drilling. And there's probably a lot more difficult to explore fields in the area.

Also prioritize pipelines to Russia to ensure stable supply

 

[Song Hong]

I believe in the conspiracy theory that there is lots of oil in Xinjiang and Chinese already knew that. There is also high grade known iron ore mine.

Best is to use other people natural resource first.

 

[Yongpeng Sun-Tastaufen]

When there is a Muslim, there is petrolium in ground.

But not in Pakistan.