According to China news agency reported on August 20, from China National Energy Board was informed that China's national oil reserves a completion of the initial protection of oil security has so far completed a huge leap. By 2020, China will be building the second phase of the national oil reserves, the third phase of the project.
Before 2006, China's government oil reserves, especially oil reserves are empty. With China's sustained and rapid economic development and social progress, the increasing oil consumption, oil imports increased every year. The future, subject to restrictions on oil resources, China will further raise the degree of dependence on foreign oil continuing to increase the risk of supply disruptions, the security situation is not optimistic, the establishment of China's national oil reserve system delay.
According to the National Energy Board, the Zhenhai base was completed in September 2006 and entered the stage of trial operation, was the first Chinese built and put into a national oil reserve base. Huangdao, Dalian, and Zhoushan bases in December 2007, November 2008 and completed in December 2008 and put into operation. To the end of 2008, China's national oil reserve bases in a project has been completed in four. In the National Development and Reform Commission, Ministry of Finance, the National Energy Board under the organization has completed the national reserves of oil reserves tasks.
By 2020, China will be building the second phase of the national oil reserves, the third phase of the project, forming the equivalent of 100 days of net imports of oil reserves total size of the oil deal with China to further enhance the ability of the risk of interruption, in order to protect the oil supply security, the stability of the oil market, and promote smooth operation of the national economy to play an active role.
Aug. 23, 2009
