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March 25 Macroeconomic Index:Domestic proactive fiscal policy and energy breakthroughs; international focus on Russia-US talks and Iran nuclear issue

March 25, 2025, 5:18 PM
TDD
3093
On March 22, China's oil and gas exploration field ushered in a major breakthrough, and the 100-million-ton proven reserves of Jiyang Shale Oil Emerging Oilfield of Sinopec Shengli Oilfield officially passed the reserve review and filing of the Ministry of Natural Resources of the People's Republic of China. Located in Gaoqing County, Zibo City, Shandong Province, the emerging oilfield Fanyeping 1 block has more than 140 million tons of proven geological reserves of oil in shale formations and 11.3599 million tons of technically recoverable reserves.