Foreign Media: China has made a major breakthrough in shale oil extraction technology, and the JiMuSar Shale Oil Demonstration Area in Xinjiang has completed its annual target of 1.7 million tons of crude oil 22 days ahead of schedule.
China has the world's largest recoverable shale gas reserves and the third-largest recoverable shale oil reserves. Previously, the US shale oil revolution made it the world's largest crude oil producer, weakening the market influence of the Organization of Petroleum Exporting Countries (OPEC).
Commercial exploitation of China's shale oil may pose a threat to OPEC and its allies, but China's shale oil layers are buried deeper and more difficult to extract.
Original article: toutiao.com/article/1851271364049932/
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