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China To Discover 20 Gas and Oil Big Fields by 2010

According to the governmet's plan, by 2010 China intends to find 10 new oil fields of at least 100 million tons reserve each, and 8-10 new gas fields

China seeks for domestic oil and mineral reserves of key resources, such as iron ore and crude oil, to reduce dependence on imports.

According to the governmet's plan, by 2010 China intends to find 10 new oil fields of at least 100 million tons reserve each, and 8-10 new gas fields, each with a reserve of more than 100 billion cu m of natural gas.

Furthermore, by the same year it is planned to find about 200 large mines with coal, iron and copper.

"The plan is of strategic importance to China, which is becoming increasingly dependent on imports, " the Ministry of Land and Resources's head Ju Jianhua said.

China is the world's second largest crude oil importer.