Sinopec Finds 100 Million Tons Oil in Urumqi, Oriental Reports

By Sophie Leung

Feb. 12 (Bloomberg) -- China Petroleum and Chemical Corp. said it discovered 100 million tons of oil in a field in Urumqi, Xinjiang province, the Oriental Daily reported today, citing an unidentified company spokesman.

The new discovery will help the field reach its output target of 10 million tons of crude oil a year by 2015, the spokesman said, according to the Hong Kong-based Chinese language newspaper.

Source: Bloomberg.
Link: http://www.bloomberg.com/apps/news?pid=20601207&sid=aZI7zt0HXqbc.