(EnergyAsia, October 30) — China has begun filling up its first strategic petroleum reserve (SPR) at Zhenhai in Zhejiang province near Shanghai. The first supplies for the 5.2 million cubic metre facility are coming from domestic and Russian production. The direct impact of filling Zhenhai on international oil markets remains unclear. The move…
CHINA: Domestic, Russian crude oil fills up Zhenhai storage facility
Posted on October 30, 2006 by EnergyAsia