China oil producer to pump 29.3 bln dlrs into XinjiangChina National Petroleum Corp (CNPC CNPC China National Petroleum Corporation CNPC Centro Nacional de la Productividad y la Calidad (Chile) CNPC Commander, Navy Personnel Command CNPC China National Philatelic Corporation (Chinese stamp authority) ) plans to pump 200 billion yuan Yuan (yüän), river, 540 mi (869 km) long, rising in S Guizhou prov. and flowing generally NE to Donting lake, Hunan prov., SE China. Navigation above Changde is limited by rapids to small craft. (29.3 billion dollars) into the northwest Xinjiang region in the next five years, state media said Friday. The nation's top oil firm plans to build oil and gas pipelines, refineries, petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. plants and oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints. Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally , the China Daily reported, citing CNPC vice president Zhou Jiping. No one at CNPC was available to comment on the report. Resource rich Xinjiang is vital to China's economic expansion. The region in China's remote northwest has 30 percent of the country's onshore on·shore adj. 1. Moving or directed toward the shore: an onshore wind. 2. Located on the shore: an onshore beacon; an onshore patrol. adv. oil reserves and 34 percent of natural gas reserves, the paper said. Beijing has been increasing investment in Xinjiang since 2000 as part of its efforts to rebalance the country's economic growth. And analysts have said around 70 percent of any extra investment is gobbled up by the oil and petrochemical industries. 
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