The Progress in Developing China's Oil Reserve System

Friday, Feb 10, 2012

Research and Markets (http://www.researchandmarkets.com/research/b01119/the_progress_in_de) has announced the addition of the "The Progress in Developing China's Oil Reserve System" report to their offering.

“The Progress in Developing China's Oil Reserve System”

At present, China has built a two-level oil reserve system with the national strategic oil reserves as the main component and commercial reserves held by state-owned oil enterprises as the supplementary part, with a total oil reserve capacity of more than 30 days. By 2020, China will establish a four-level oil reserve system with national strategic oil reserves, local oil reserves, commercial oil reserves held by state-owned oil enterprises like PetroChina and commercial oil reserves held by small and medium-sized companies. The goal is to guarantee a 90 day supply of oil.

Source: Business Wire

To access over 2,500 of the latest oil projects from across the world visit Projects OGP for free trial today