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China's petroleum production and reserves: domestic and international significance

Journal Article · · J. Energy Dev.; (United States)
OSTI ID:5575235

The rapid energence of the People's Republic of China as the ninth-ranking oil producer could have an important influence on the country's agricultural and industrial sectors as well as political and economic implications for world trade patterns. A chronology of crude oil production since 1949 traces China's development policies as they fluctuated between Maoist and technologist approaches and examines their effect on further oil development. China's estimated 31-million-ton export capability by 1985 is not seen as a serious challenge to the Organization of Petroleum Exporting Countries in spite of the forecasts of a vast Chinese oil reserve and the price increases for Middle East oil. China's planned economy and political orientation do not provide adequate motivation for the economic modernization necessary to become a leading oil exporter. 37 references, 2 tables. (DCK)

Research Organization:
Indiana Univ., South Bend
OSTI ID:
5575235
Journal Information:
J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 5:1; ISSN JENDD
Country of Publication:
United States
Language:
English