UK forecasts: Global oil only lasts 40 years in China for 11 years

Experts called oil shortage China to strengthen overseas cooperation BP's 2009 Global Energy Watch report, released this month, shows by the end of 2008, the world's proven reserves would support energy demand for the next 40 years, and PetroChina would have been only 11.1 years ahead of the current proven reserves and mining speed. The report shows that the Middle East remains the largest oil-proven area, with the top four of proven reserves.　　Saudi Arabia sits on 264.1 billion barrels of proven reserves, enough to exploit 66.5, and Iraq and Venezuela have more than 100 years of proven reserves. China's proven reserves are 15.5 billion barrels, ranked 14th in the world, with the current proven reserves and mining speed, 11.1 years after the domestic oil reserves will be depleted, this data in the top 15 is the lowest.　　Of course, America's life is not so good, its proven reserves will run out in 12.4 years.　　Paparazzi experts to avoid oil shortage China has stepped up its research on China Energy Network chief executive Han Xiaoping said the accuracy of the report is open to question, but it is certain that China's per capita oil and gas energy is not as good as some developed countries, which is one of the reasons for China's efforts to strengthen overseas energy development. In the past two years, China has been very active in foreign loans or investment in exchange for energy supplies, and as the impact of the financial crisis continues to spread, there is still room for China to do such cooperation in the international market.