Vast Oilfield Found in China

China National Offshore Oil Corporation announced that the proven geological oil reserves of the Kenli 6-1 oil field in China's Bohai Bay is over 100 million tons. Kenli 6-1 is the first large oil field in Laizhou Bay of Bohai. After the crude has been refined into gasoline and diesel, it can power 1 million vehicles for 20 years.