On the 22nd, Liu Guohong, Party Group Secretary of the Ministry of Natural Resources of China and Chief Inspector of National Natural Resources, revealed at a press conference held by the State Council Information Office on the theme of the 15th Five-Year Plan (2026-2030) that the national transfer value of exploration rights from January to August increased by 2.3 times compared to the same period last year, and newly confirmed recoverable reserves amounted to nearly 70 million tons for oil and 610 billion cubic meters for natural gas. (Source/Xinhua News Agency)