In 2008, Xinjiang produced 27.4 million tons of crude oil, up one million tons from the previous year. It has already surpassed Shandong Province to become China's second largest province in producing crude oil.
Xinjiang is rich in oil and gas resources, with an estimated oil reserve of 20.9 billion tons and a natural gas reserve of 10.8 trillion cubic meters. It has been termed China's strategic replacement area for the land petroleum industry.
Xinjiang already has a proven oil geological reserve of 3.9 billion tons and a natural gas geological reserve of 1.4 trillion cubic meters. And Xinjiang is expected to produce 28 million tons of crude oil in 2009, a new record.
By People's Daily Online
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