OIL SHALE DEVELOPMENT IN CHINA

In China, oil shale deposits are widespread in many regions, the proved reserves amount to about 32 billion tons presenting a potential energy source. In recent years production of crude oil could not meet the requirements – in 2001, China had to import more than 70 million tons of crude oil and light liquid fuels. Besides, the higher world’s crude oil price also stimulates the oil shale retorting industry.