China set to add 1.2 billion tonnes to proved petroleum reserves this year - Xinhua

BEIJING (Reuters) - China expects to add 1.2 billion tonnes to its proved petroleum reserves in 2019, 25% more than was added in 2018, the official Xinhua news agency said, citing an industry conference.The country also expects to add new natural gas reserves of 1.4 trillion cubic metres, 68% more than it added last year.Crude oil production is seen reaching 191 million tonnes (£36.77 billion), according to Xinhua. China will accelerate ocean and deep water oil and gas exploration in 2020, it..