Qinghai Oilfield to be expanded

After its oil and gas output topping 435 tons last year, Qinghai Oilfield, located on the Qinghai-Tibet plateau, will install 10-million-ton oil and gas capacity during the Eleventh Five-Year Plan (2006-2010).

The Oilfield, with 120,000 sq kilometers of exploration area, has 327.95 million tons of proved crude oil reserve and 306.4 billion cubic meters of natural gas.

By People's Daily Online