Renqiu Economy
Renqiu rich in natural resources. A total of 61,000 hectares of arable land. Mineral resources, mainly oil and gas, national large-scale enterprises in North China Petroleum Administration Bureau China National Petroleum, PetroChina Huabei Oilfield, China Petroleum & Petrochemical Company based in the urban areas in northern China, is an important petrochemical base. In 1985, proven oil reserves of 930 million tons, natural gas 1.6 billion cubic meters. Oilfield development and construction since 1976 has been the highest single-well crude oil production reached 5400 tons, the highest annual output reached 17.33 million tons for the country's crude oil output peaks and the formation of the fourth annual output growth of the 100 million tons made a significant contribution. The advantages of geothermal energy is Renqiu resources to the low-temperature geothermal development-oriented and export temperatures were 40 ℃ and 70 ℃.
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