精品成人免费自拍视频|一本大道看香蕉大在线|五月丁香乱码日韩精品区|久久国产精品成人片免费|日韩中文字幕亚洲精品欧美|视频福利国产午夜一区二区|国产毛片一区二区三区精品|国产欧美精品一区二区三区网址

The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
logo

The 25thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

ufi

BEIJING, China

March 26-28,2025

LOCATION :Home> News> Industry News

China looks to Iceland for oil opportunity

Pubdate:2013-06-21 09:52 Source:zhanghaiyan Click:

China and Iceland could become natural partners in the energy sector though it is too early to make any predictions about the benefits, an analyst said.

A source at China Petroleum & Chemical Corp., known also as Sinopec, told China Daily on condition of anonymity talks were under way with the Icelandic government over oil exploration off the country's northeast coast.

China Daily referenced a report published early this week by Ernst & Young estimating arctic waters may hold 13 percent of the world's undiscovered oil and 30 percent of its undiscovered natural gas. A separate reference to the U.S. Geological Survey said 90 billion barrels may be in the arctic.

China's growing economy translates to a higher demand for energy. The Organization of Petroleum Exporting Countries said in a June report most of the world oil demand would be from China. Iceland, meanwhile, is eager to secure more investments as it struggles to overcome crippling financial difficulties.

Ernst & Young energy analyst Andy Brogan told China Daily the Icelandic government was realistic about the potential given the environmental issues surrounding arctic oil and gas exploration.

"It is still too early to predict how successful the deals can be," he said in an interview published Tuesday.