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Sinopec Discovers 140 Million Tons of Shale Oil Reserves in China’s Shandong Province

Summary by Bazaar Times
China’s state-owned oil company Sinopec has announced the discovery of a 140-million-ton shale oil reserve in Shandong province, located in the northern part of the country. According to Sinopec’s statement, the new reserve was found in the Jiyang shale oil national pilot zone, which is part of the Shengli oil field. The company reported that more than 1 million tons of shale oil have already been extracted from the region. Sinopec aims to achie…
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Sinopec Discovers 140 Million Tons of Shale Oil Reserves in China’s Shandong Province

China’s state-owned oil company Sinopec has announced the discovery of a 140-million-ton shale oil reserve in Shandong province, located in the northern part of the country. According to Sinopec’s statement, the new reserve was found in the Jiyang shale oil national pilot zone, which is part of the Shengli oil field. The company reported that more than 1 million tons of shale oil have already been extracted from the region. Sinopec aims to achie…

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ORIENT: ИНФОРМАГЕНТСТВОORIENT: ИНФОРМАГЕНТСТВО

Significant shale oil reserves discovered in China

Substantial shale oil reserves, exceeding 140 million tonnes, have been discovered at the Fangye-1 oilfield in Shandong Province, East China.

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ORIENT: ИНФОРМАГЕНТСТВО broke the news in on Wednesday, March 26, 2025.
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