Chinese oil production slows but long-term prospects look good

Journal Article · Sun Aug 01 04:00:00 EDT 1976 · Energy Int.; (United States)

OSTI ID:7337039

Smil, V

China's role as an emerging oil exporter, after shipping more than 8 million tons of oil to Japan and at least another 4 million tons to North Korea, Hong Kong, Vietnam, Thailand, and the Philippines in 1975, has now changed and it shows a decline in exports. There is a shortage of equipment and materials, and development of oil resources is not proceeding as planned. Vice-premier Li Hsien-nien warned that China could not afford to supply as much crude as Japan wanted, but at the same time supplies to North Korea were increased. Some trade difficulties have arisen between China and Japan; the problems involved are discussed briefly. While Sino-Japanese oil trade has not developed into a spectacular affair, the Chinese have agreed to provide Japan with a constant supply of steam coal. In China, domestic energy policies in 1976, the first year of the Fifth Five-Year Plan, continue unchanged with the highest priority assigned to hydrocarbon industries. New drilling areas, pipeline construction, energy sources in Tibet, and refinery construction are described briefly. (MCW)

• Research Organization: Univ. of Manitoba, Winnipeg
• OSTI ID: 7337039
• Journal Information: Energy Int.; (United States), Journal Name: Energy Int.; (United States) Vol. 13:8; ISSN ENEIB
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300 -- Petroleum-- Drilling & Production
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
ASIA
CHINA
ENERGY SOURCES
FORECASTING
FOSSIL FUELS
FUELS
JAPAN
MARKET
PETROLEUM
TRADE