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Sinopec discovers 1.3 billion barrels of shale oil in China, aiming to boost production by 2030.
Sinopec, China's largest oil refiner, has discovered 1.3 billion barrels of shale oil in two new fields in eastern China.
The Xinxing and Qintong fields have combined proven reserves of 180 million tonnes, marking the first use of China's own shale oil evaluation standards.
Despite the significant find, extraction remains challenging due to complex geology.
Sinopec aims for a 2 million-tonne annual output by 2030 and has called for government support to enhance shale oil production.
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Sinopec descubre 1.300 millones de barriles de petróleo de esquisto en China, con el objetivo de impulsar la producción para 2030.