China’s Oil Resources to Rank Second in 2020

China’s Oil Resources to Rank Second in 2020
Source: Portals of Ministry of Land and Resources   Citation: China Land and Resources News   Date: January 31, 2012

It is reported that the second phase of the construction project for Chinese oil strategic storage will have been completed this year. Then, the total stored oil will hit 274 million barrels with approximately 37.53 million tons. Besides, China will plan to finish the entire work of constructing strategic oil storage by 2020 with about 500 million barrels of oil. By then, our oil storage will rank second in the world.

About CHINA MINING Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.

China Mining Congress and Expo 2011 attracted over 5000 delegates, exhibitors and visitors from 55 countries and regions, increasing by over 650 people as compared to the last session. There were 382 domestic and foreign exhibitors, increasing by 38% as compared to the last year. The exhibition area amounted to 25000 square meters, more than doubling that of the previous session, with 1,050 standard booths, increasing by 65% compared to the previous session. There were a total of 23 forums and 7 projects shows held with 425 promotion and negotiation projects introduced by the congress, increasing by 32.8% as compared to last year. At the project signing ceremony, 55 projects were signed, amounting to RMB15.7 billion, increasing by RMB 4 billion and by 34% as compared to the previous year. More than 40 foreign VIPs including 23 mining ministers and vice ministers as well as ambassadors in China from 18 countries and regions such as Australia, Canada, South Africa, Angola, etc. attended this session of the congress. Meanwhile, the congress attracted more than 100 medias and over 200 journalists from home and abroad to cover the congress. In terms of number of delegates and scale of exhibitors and booths, the CM2011 all topped the previous sessions, ranking the world’s premier mining congress and expo..

CHINA MING Congress and Expo 2012 will be held at Tianjin Meijiang Convention and Exhibition Center on November 4-6, 2012 (Expo. will be opened on 3rd pm Nov., 2012). We invite you to join the event and to celebrate the 14th anniversary of CHINA MING with us. For more information about CHINA MING 2012, please visit:m.balanzskin.com

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