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rt.com 4 Mar, 2023 05:31
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China announces massive oil and gas discovery​

The oilfield in the Bohai Sea contains 100 million tons of reserves, according to the China National Offshore Oil Corporation
China announces massive oil and gas discovery

© Getty Images / Dazman


Chinese state-owned oil and gas corporation CNOOC has announced the discovery of a major oilfield with light crude reserves of 100 million tons in the Bohai Sea, which stretches along the country’s northern coastline.

According to a statement from the company on Wednesday, the Bozhong 26-6 oilfield lies in the south of the Bohai Sea, with an average water depth of 22 meters. The discovery well was drilled and completed at a depth of 4,480 meters, and encountered a total of 321.3 meters of oil pay zones. The well was tested to produce an average of approximately 2,040 barrels of crude oil and 11.45 million cubic feet of natural gas per day, the report said.
“Bozhong 26-6 oilfield is the third oilfield discovery with [a] hundred million tons of reserves in [the] southern Bohai Sea after Kenli 6-1 and Kenli 10-2,” CNOOC’s deputy chief exploration engineer, Xu Changgui, stated.

The company’s chief executive, Zhou Xinhuai, added that CNOOC “will keep looking for mid-to-large-sized oil and gas fields and continue the momentum in offshore oil and gas development.”
According to industry experts, natural gas and oil discoveries in the Bohai Sea will boost CNOOC’s annual output to above 80 million tons of oil equivalent by 2025.

READ MORE: Oil demand to surge this year – trader

CNOOC is China’s third-largest national oil company after CNPC and Sinopec. Founded in 1982 and headquartered in Beijing, CNOOC deals in the production, refining, and marketing of oil and natural gas from China’s offshore zones.
 
rt.com 8 Mar, 2023 04:07
HomeWorld News

US House Speaker to meet Taiwan’s leader – media​

The meeting will reportedly be held in California to avoid triggering Beijing’s ire
US House Speaker to meet Taiwan’s leader – media

FILE PHOTO: House Speaker Kevin McCarthy speaks to the media at the Capitol in Washington, DC. March 7, 2023. © AP / Alex Brandon

US House Speaker Kevin McCarthy is set to meet Taiwanese President Tai Ing-wen in the United States next month, the Financial Times reported, noting he agreed to skip a planned visit to the island after past American delegations to Taipei prompted harsh reactions from Chinese authorities.
Tsai will sit down with the senior lawmaker during her visit to the states in April, which will include travel to both California and New York, Taiwanese officials told the paper on Monday. Speaking on condition of anonymity, one official claimed that China is “not in a good situation right now,” suggesting a trip to Taiwan by McCarthy could carry risks.

“We shared some intelligence about what the Chinese Communist Party is recently up to and the kinds of threats they pose,”the official said, referring to its communications with McCarthy’s office. They offered no specifics on what sort of danger the lawmaker might face.
Taiwan boosting military ties with Washington – presidentREAD MORE: Taiwan boosting military ties with Washington – president

While McCarthy declared last summer that he would visit the island should he take the speaker’s role, his team has agreed to a meeting in the US instead, an effort to “avoid an aggressive response from Beijing,” according to the Times.
A trip to Taipei last August by then-House Speaker Nancy Pelosi, a Democrat, triggered days of unprecedented military drills by Beijing, which launched major exercises in the airspace and waters surrounding Taiwan, including simulated blockades of the island. Though lower-ranking US delegations have been sent to Taiwan in the months since, those trips were not met with war games, but nonetheless prompted stern warnings from Beijing, which considers the island part of its sovereign territory.

McCarthy’s office declined to comment on the reported meeting with Tsai, however Taiwanese officials said she would travel to the US sometime in April, while the Reagan Library in southern California has confirmed a speaking engagement for the leader during the same trip.

READ MORE: US ‘quadrupling’ number of troops in Taiwan – WSJ

Taiwan has been self-governed since the end of the Chinese Civil War in 1949, but never officially declared independence from China. Beijing strongly opposes any direct diplomatic contacts between Taipei and foreign nations, only a handful of which recognize the territory as a sovereign state. Washington is not among them, despite frequent official junkets to the island, as well as a series of purportedly “defensive” weapons sales over the years – including under the Biden administration.

Last year, Chinese President Xi Jinping said his government would “continue to strive for peaceful reunification with Taiwan,” but insisted it would “never promise to renounce the use of force” to reclaim the disputed territory.
 

Chinees staatshoofd Xi krijgt historische derde termijn als president​

 

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