Reuters/China Stringer Network China announced the discovery of the Mahu field located within the Junggar Basin of Xinjiang province. The field is estimated to hold between 0.52 and 1.24 billion tons of crude oil. Infrastructure in the region is poor so it’ll never reach the level where it is economically viable to develop it. 2017 will most likely […]
Tag: oilfield
Syrian Army recaptures oilfield, reaches airbase in offensive against ISIS near Deir ez-Zor
With ISIS’ three-year blockade of Deir ez-Zor effectively broken by government forces, the offensive against the terrorists continues, while humanitarian aid has started to arrive to civilians in the city, who say they were “on the brink of starvation.” On Saturday, the Teym oilfield was recaptured from Islamic State (IS, formerly ISIS/ISIL) terrorists in the […]