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Sinopec establishes exploration base in Tibet
19. Sinopec establishes exploration base in Tibet
Shanghai. August 7. INTERFAX-CHINA - The China Petroleum & Chemical
Corp. (Sinopec)'s southern exploration subsidiary recently established
an exploration base in the Tibet Autonomous Region, indicating its
commitment to digging oil and gas resources in the region believed to
hold huge reserves, a company official said today.
About 20 staff have been sent to Tibet for a geological survey that will
last two years, the company official, who wished to remain anonymous,
told Interfax. The survey will then be followed by a one to two-year
assessment period, which will select two to three promising target
blocks to dig.
The state-run oil giant has carried out some exploration work in the
region before, but the establishment of a base in Tibet's Naqu City
means the company is ready to take root there, the official added.
"The buildup of the Qinghai-Tibet Railway and the Qinghai-Tibet Highway
has made it a lot easier to transport equipment and other necessary
exploration resources to the region," Han Xiaoping, chief consultant
with industry information service China Energy Network, said. "In
addition, the successful completion of such projects has diminished
safety concerns about undertaking major projects in the high altitude
and extreme climate conditions of Tibet."
Han also explained that high oil and gas prices, as well as uncertainty
about trans-border energy deals, have offered oil firms incentives to
increase investment in domestic exploration.
"After all, Tibet is the only piece of China's land that, in terms of
mineral resources, that has barely been touched," Han said.
According to a report by state-run Shanghai Securities Journal, the
blocks to be surveyed by Sinopec are located in the Coqen, Biru and
Qamdo basins. The company owns about 20 blocks in Tibet, but so far has
not received government approval for any production licenses.
PetroChina, Sinopec's domestic rival and the country's largest oil
producer, entered Tibet in 1995. It has been mainly engaged in the
Qiangtang Basin, with estimated oil reserves up to 10 billion tons.
However, no viable discoveries have been announced yet, according to the
Articles in this Issue:
- Tibetan Canadian Observer detained in Beijing (SFT)
- One World, One Dream, One Big Human Rights Problem (Der Spiegel)
- Unlucky start to Games countdown (Scotsman)
- Great Wall protest (Vancouver Sun)
- China detains third Canadian, a leader of activist group seeking free
- 3rd Canadian detained by China, student group says (CBC)
- Activists arrested in China (The Province)
- Protesters in action as Beijing gets set for one-year countdown to
- Parents worried after 2 Vancouverites reportedly held in China (CBC)
- Canadians detained in China now leaving country, reports say
- Activists Step Up Criticism of China, One Year Before Beijing
- Beijing Olympics can't avoid political issues (New Zealand Herald)
- China: Human-Rights Pressure Increases As Olympic Countdown Begins
- Thousands of Tibetans march in Indian capital against China's rule
in Tibet (AP)
- Tibetans protest 2008 Beijing Olympics (ANI)
- Tibetans to hold massive rally against Chinese government (IANS)
- Indian Tibetans march to shame Olympics host China (Reuters)
- Terror in Tibet
- Sinopec establishes exploration base in Tibet
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