South China Sea Holds 80% As Much Oil As Saudi Arabia’s Reserves

November 12, 2011 4:14 pm

We spotted this today:

“The South China Sea may hold 213 billion barrels of oil, or 80 percent of Saudi Arabia’s reserves, according to Chinese studies cited in 2008 by the U.S. Energy Information Agency. The world’s second-largest economy claims “indisputable sovereignty” over most of the sea, including blocks off Vietnam that Exxon Mobil Corp. (XOM) and Russia’s Gazprom OAO (GAZP) are exploring. ”

Statistics Source: NextBigFuture

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