CNPC Discovers Oil Deposit in Xinjiang‘s Zhunger Basin

CNPC Xinjiang Oilfield Co. Ltd., an oil exploration unit of China National Petroleum Corp. (CNPC), has uncovered an oil deposit with geological crude reserves exceeding 50.57 million tons in northwest China's Xinjiang Uyghur Autonomous Region, the Kelamayi City arm of the National Development and Reform Commission (NDRC) said Dec. 12.

(Interfax, Edited by Topco)