(EnergyAsia, July 15) — The building of a Strategic Petroleum Reserve (SPR) has been slow in China, the world’s third largest oil importer after the US and Japan, said US-based consultants ESAI. However, ESAI noted that the first storage base in Ningbo (Zhenhai) with a capacity of 29 million barrels of crude oil will…
CHINA: Petroleum reserve building programme moving at a slow pace, says US consultant
Posted on July 15, 2005 by EnergyAsia