(EnergyAsia, March 25, Wednesday) — China has completed filling up the first phase of its four strategic petroleum reserves (SPR) terminals as it took advantage of the recent sharp decline in oil prices. The reserves hold an estimated 100 million barrels of crude oil. In a second expansion phase, China is planning to lift its…
CHINA: Four storage terminals now hold 100 million barrels of crude
Posted on March 24, 2009 by EnergyAsia