China opens Xinjiang block tender to private firms

China has picked Xinjiang to host public auctions of oil and gas exploration rights as part of pilot reforms to the country’s upstream sector.

Location of Xinjiang’s Tarim Basin, where two of the blocks are sited. (Interfax) Location of Xinjiang’s Tarim Basin, where two of the blocks are sited. (Interfax)

China has picked Xinjiang to host public auctions of oil and gas exploration rights as part of pilot reforms to the country’s upstream sector.