China found largest oil reserves

A large deposit of shale oil was detected by the Chinese National Company (CNPC), reports with reference to RIA Novosti.

According to the report, the volume of the deposit is a billion tons. New oil-bearing fields are divorced at the Handos Field in Gansu Province. There they started exploration and mining of raw materials back in 2019.

According to experts, the find will allow to stop the increase in the dependence of the PRC from the import of oil. Currently, China, due to deliveries from other countries, provides about 70 percent of national oil consumption.