国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

CNOOC's $29b project approved

By Zhang Qi (chinadaily.com.cn)
Updated: 2008-12-16 14:25

The central government has approved China National Offshore Oil Corporation (CNOOC)'s 200-billion-yuan ($29.19 billion) program to expand oil and gas exploration in the coming 10-20 years.

The massive investment plan was approved by the State-owned Assets Supervision and Administration Commission of the State Council and will kick off in 2009, China Business News reported on Dec 16.

CNOOC, the country's third-largest oil producer, said in its statement last month that it would invest 200 billion yuan on oil and gas exploration in the South China Sea in the next 10 or 20 years and build up a production capacity with annual output of 50 million tons, equivalent to that of China's biggest oil field, the Daqing Oil Field.

The Shanghai-based newspaper said the 200 billion yuan would focus on the construction of exploration infrastructure and development capacity for oil and gas fields deep in the sea.