(EnergyAsia, March 28 2011, Monday) — The Chinese government’s oil reserves are sufficient to cover just one month’s worth of imports, according to an official with the powerful National Development and Reform Commission (NDRC).Crude oil accounted for about 75% of the state’s strategic reserves while oil products accounted for the remainder, said Wang Qingyun, head…
CHINA: NDRC official says strategic oil stockpile equal to one month of imports
Posted on March 28, 2011 by EnergyAsia