page_title: Daqing
section_title: Economy
hierarchical_section_title: Daqing / Economy
caption_attribution_description: English: "Iron Man" Wang Jinxi led No.1205 drilling crew completed the drilling of this oil well ("Well Sa-55") in five days in March 1960.
context_page_description: Daqing is a city in Heilongjiang province, China. Daqing is a prefecture-level city, which means it ranks below a province and above a county. The city is called the "Oil Capital of China" because oil was discovered at the Daqing Oil Field in 1959. It is one of China's most well-known places because of this.
  The population of Daqing was 2,963,458 in 2010. Close to 1,400,000 people lived in the urban parts of town.
context_section_description: Daqing's economy is mainly based on oil and petroleum. There are lots of major pipelines that transport oil to and from the rest of China and Russia. In 2013, Russia agreed to send oil to China. That oil will be going through the pipeline to Daqing. Close to 60% of the gross domestic product (GDP) was because of petroleum and oil exports. Daqing had a GDP of 298 billion renminbi in 2015.
  Daqing exports over 10 million tonnes of oil each year. Wax, tar, and benzene were also exported to countries including the United States. The main exports are oil and gas, construction materials, food, and furniture.
caption: First well drilled by Wang Jinxi
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