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Strategic Study of Chinese Academy of Engineering >> 2007, Volume 9, Issue 12

Study on the Sustainable Development of Chinese Oil Industry

PetroChina Company Limited Planning &Engineering Institute, Beijing 100083, China


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In view of the peak emergence of world oil and the prediction of China's energy demand and supply, the paper proposes that the development of China's oil industry should be based on domestic resources, which includes enhancing exploration and development of domestic oil-gas resources, building the conservation-minded society, realizing the multi-source strategy in energy development, etc. Meanwhile, great importance should be attached to exploiting overseas oil-gas resources and establishing the strategic reserves system for oil.

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