The Progress in Developing China’s Oil Reserve System

Date: August 22, 2010
Pages: 8
Price:
US$ 200.00
Publisher: China's Economy & Policy-Gateway International Group
Report type: Article
Delivery: E-mail Delivery (PDF), Online Subscription
ID: P42414B1C83EN
Leaflet:

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The Progress in Developing China’s Oil Reserve System
At present, China has built a two-level oil reserve system with the national strategic oil reserves as the main component and commercial reserves held by state-owned oil enterprises as the supplementary part, with a total oil reserve capacity of more than 30 days. By 2020, China will establish a four-level oil reserve system with national strategic oil reserves, local oil reserves, commercial oil reserves held by state-owned oil enterprises like PetroChina and commercial oil reserves held by small and medium-sized companies. The goal is to guarantee a 90 day supply of oil.
I. CURRENT SITUATION IN THE OIL RESERVE SYSTEM

II. THE FUTURE OF THE OIL RESERVE SYSTEM
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