How China ended its dry crude oil period after 1949

CGTN published this video item, entitled “How China ended its dry crude oil period after 1949” – below is their description.

For more:

https://news.cgtn.com/news/2021-06-26/How-China-ended-its-dry-crude-oil-period-after-1949-11pdjHOtlMQ/index.html

In its early years, the People’s Republic of China faced a dire shortage of crude oil. In 1949, when the country was founded, it produced only 120,000 tonnes of oil, so small an amount that it had to buy more from the Soviet Union. Foreign geologists once asserted that China was a country short of crude oil, an argument widely believed until the late 1950s when an oil field was discovered in Daqing, northeast China’s Heilongjiang Province, which later became known as the oil capital of China.

For thousands of oil workers in Daqing, contributing to the country’s industrial take-off meant the world to them.

CGTN YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

In This Story: China

China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

7 Recent Items: China

  • North Korea tells UN it has the ‘right’ to test weapons
  • Laura Ingraham slam Biden for selling out America to China
  • China’s Red Eagle aerobatic team wows spectators at Airshow China
  • Power crisis in China leaves highway in the dark
  • CGTN anchors and reporters send multilingual greetings to The Media Challengers
  • China’s most advanced WZ-7 reconnaissance drone in 60 seconds
  • Live: Exploring China’s major space adventures at Airshow China 2021
  • In This Story: Soviet Union

    The Soviet Union, officially the Union of Soviet Socialist Republics (USSR), was a federal socialist state in Northern Eurasia that existed from 1922 to 1991. Nominally a union of multiple national Soviet republics, it was a one-party state (until 1990) governed by the Communist Party, with Moscow as its capital in its largest republic, the Russian SFSR.

    The Soviet Union had its roots in the October Revolution of 1917 when the Bolsheviks, headed by Vladimir Lenin, overthrew the Provisional Government that had earlier replaced the monarchy of the Russian Empire.

    On 25 December 1991, Gorbachev resigned and the remaining twelve constituent republics emerged from the dissolution of the Soviet Union as independent post-Soviet states. The Russian Federation (formerly the Russian SFSR) assumed the Soviet Union’s rights and obligations and is recognized as its continued legal personality.

    2 Recent Items: Soviet Union

  • See President Biden’s full UN General Assembly speech
  • Does Afghanistan withdrawal mean the end of US nation building?
  • Leave a Comment

    We don't require your email address now, just your name. BUT, if you do add it, you may be notified if there are replies to your comment. Please make respectful comments, which add value, and avoid personal attacks on others. Comments failing to adhere to these guidelines will not be published.