Saturday, March 04, 2006

South China province to build oil reserves

Guangdong Province, China's economic powerhouse, is aiming to build oil reserves over the next five years.

According to the province's Five-Year Program (2006-2010), it will invest 5 billion yuan (625 million U.S. dollars) in the project for 10 million cubic meters of crude oil and 2 million cubic meters of refined oil.

( Full story here )

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