Strategic Outlook of Oil Resource Base in China

According to the data of 2003, the author analyzes oil(including condensate) output, remaining recoverable reserves, and recoverable resource of China and calculates two averages on per territory area and per capita. Then the author contrasts the two averages with two corresponding averages of the world. The author indicates that people should use "two point of views" to recognize Chinese oil and gas resource in the research of Chinese development strategy. One point is China has enough oil and gas resource and has enormous developing potential, the other point is China oil and gas reserve is relatively lacking according to the average of per territory area and per capita. 5 indexes in the 6 contrast indexes are lower than the half of world average. The author believes only based on these two points China can establish right development strategy, and actively use oil resource home and abroad.