(EnergyAsia, September 24, Monday) — China’s strategic petroleum stockpile could rise four times to 12 million tonnes by 2010 despite the recent sharp rise in world oil prices, according to the National Development and Reform Commission (NDRC).The 12 million tonnes would be equivalent to one month of China’s net crude import requirements, still below the…
CHINA: Strategic oil stockpile could quadruple by 2010
Posted on September 23, 2007 by EnergyAsia