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