China Business
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Providing info influencing China's economics. Run by @PDChina, the largest newspaper group in China.
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China's largest offshore shallow lithologic oilfield, the Kenli 10-2 oilfield cluster, has seen its first-phase project fully put into operation, with a daily crude oil output of over 2,800 tonnes, providing strong support for stable oil production to the Bohai Oilfield, the country's largest crude oil production base.
The Kenli 10-2 Oilfield has proven geological crude oil reserves of more than 100 million tonnes.
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Profits of China's major industrial firms increased 18.2% year on year during the January-April period, official data showed Wednesday.
