(EnergyAsia, March 22) — China has socked away more than 24 million barrels of crude into its newly launched strategic oil reserves by the end of February, said the Commerce Ministry. Taking advantage of price weakness on the world markets in January, the government bought 5.8 million barrels for storage at the Zhenhai base. But…
CHINA: National crude oil stockpile at more than 24 million barrels
Posted on March 22, 2007 by EnergyAsia