China Says Its Coal Reserves Will Last For 50 Years ...Middle East

China, the world’s largest coal consumer, has domestic reserves of coal to last the next 50 years, according to annual reserves data from the Ministry of Natural Resources cited by Bloomberg. At current rates of domestic production, China also has crude oil reserves that could last for at least 18 more years, according to the ministry While Chinese coal consumption is primarily met by domestic production, it’s not the same for oil. China, the world’s top oil importer, imports much more oil than its domestic production. China has…

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