China found more proven geological oil and gas reserves in 2011 than a year earlier, the Ministry of Land and Resources said yesterday.
The second largest oil consuming country discovered 1.37 billion tons of proven geological oil reserves in 2011, up 20.6 percent from 2010, Xu Dachun, deputy head of the ministry's mineral resources reserve department, told a press briefing.
Of the new findings, technically recoverable oil reserves totaled 266 million tons, up 21.4 percent on year.
China also found 765.95 billion cubic meters of proven geological natural gas deposits in 2011, up 29.6 percent from 2010.
Reuters