A massive oil deposit
of 500 million tons has been discovered in an area near Lanzhou,
capital of northwest China's Gansu Province, an expert said
Thursday. The belt along Lanzhou,
Yongdeng and Minhe has up to 340 million tons of oil deposit, the
Yuzhong-Jingning-Jingyuan belt 160 million tons, said Liu Huaqing,
an engineer with the Northwest Branch of the Petro China Exploration
& Development Research Institute. The Lanzhou-Yongdeng-Minhe
belt covers an area of 11,300 sq km with an exploiting depth of
6,000 meters, and the Yuzhong-Jingning-Jingyuan belt covers 15,000
sq km with an exploiting depth of 3,000 meters. "With more funding for
exploration, we can have more and better deposits," said
Liu. Source: Xinhuanet
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