China has discovered what could amount to 107 million tonnes of crude oil in its central region – a quantity equivalent to more than half of the nation’s production in 2023 – as authorities intensify efforts to enhance energy security and rely less on oil imports.
The presence of the abundant oilfield was verified while drilling in the Sanmenxia basin of Henan province, according to the state-run Henan Daily, which said the estimated size was announced by the China Geological Survey under the Ministry of Natural Resources.
