London Daily

Focus on the big picture.
Friday, Jun 20, 2025

Chinese Energy Giant Discovers Country's Largest Shale Oil Deposit So Far

Chinese Energy Giant Discovers Country's Largest Shale Oil Deposit So Far

The company made a series of big oil and gas discoveries over the past year, which are in high demand in China. The latter is considered to be one of the largest importers of oil and gas globally due to the country's high energy needs for its industries.

The China National Petroleum Corporation (CNPC) has reported the discovery of a major new shale oil deposit, which is estimated to hold as much as 1 billion tonnes of oil, thus making it the biggest shale oil site in China. The impressive find was made in the Chinese Northwest Ordos Basin located in Gansu province.

Roughly at the same time, the CNPC announced that they had discovered another big deposit - a 1 billion tonne-large oil-gas field in the Tarim Basin. The company expects to extract some 4 million tonnes of oil and 1.4 billion cubic metres of natural gas annually from the site before 2025.

People walk by the headquarters of the China National Petroleum Corporation in Beijing on March 25, 2015


The two impressive discoveries added to the list of other successful surveys carried out by CNPC's Changqing Oilfield Co. Earlier this year, the company found an oil field containing 550 million tonnes of crude. Last year, it discovered 143 million tonnes of oil in another deposit and 359 million tonnes more in 2019 in the northwestern Qingcheng region.

These findings play in the hands of the Chinese economy, which was considered the main global importer of gas and oil over the past decade. The insatiable oil appetite of the country is explained by its constantly growing industrial energy needs. The downside of this rapid development has been lingering problems with air quality in some Chinese cities largely caused by power plant emissions and the massive fleet of cars owned by Chinese residents.

Newsletter

Related Articles

0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
UK Home Secretary Apologizes Over Child Grooming Failures
Trump Organization Launches 5G Mobile Network and Golden Handset
Towcester Hosts 2025 English Greyhound Derby Amid Industry Scrutiny
Gary Oldman and David Beckham Knighted in King's Birthday Honours
Over 30,000 Lightning Strikes Recorded Across UK During Overnight Storms
Princess of Wales Returns to Public Duties at Trooping the Colour
Red Arrows Use Sustainable Fuel in Historic Trooping the Colour Flypast
Former Welsh First Minister Addresses Unionist Concerns Over Irish Language
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
France Bars Israeli Arms Companies from Paris Defense Expo
King Charles Leads Tribute to Air India Crash Victims at Trooping the Colour
Jack Pitchford Embarks on 200-Mile Walk to Support Stem Cell Charity
Surrey Hikers Take on Challenge of Climbing 11 Peaks in a Single Day
UK Deploys RAF Jets to Middle East Amid Israel-Iran Tensions
Two Skydivers Die in 'Tragic Accident' at Devon Airfield
Sainsbury's and Morrisons Accused of Displaying Prohibited Tobacco Ads
UK Launches National Inquiry into Grooming Gangs
Families Seek Closure After Air India Crash
Gold Emerges as Global Safe Haven Amid Uncertainty
Trump Reports $57 Million Earnings from Crypto Venture
Trump's Military Parade Sparks Concerns Over Authoritarianism
Nationwide 'No Kings' Protests Challenge Trump's Leadership
UK Deploys Jets to Middle East Amid Rising Tensions
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
Germany Holds First Veterans Celebration Since WWII
U.S. Health Secretary Dismisses CDC Vaccine Advisory Committee
Minnesota Lawmaker Melissa Hortman and Husband Killed in Targeted Attack; Senator John Hoffman and Wife Injured
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
×