According to the latest data, China's oil reserves are 3,85 billion tons and its natural gas reserves are 6 trillion 683 billion 470 million cubic meters. According to the 2023 China Natural Resources Bulletin and 2023 China National Oil and Gas Reserves Statistics released during the International Earth Day celebrations, newly proven oil and gas reserves across the country continue to remain at high levels.
In this context, newly proven oil reserves in the country have increased by more than 1,2 billion tons per year for four consecutive years. At the same time, newly discovered reserves of natural gas, shale gas and coal bed methane were recorded at more than 1,2 trillion cubic meters per year for five years.