Site Search  Search
Study in China Job/Internship Learning Chinese
Study in China more...
· Tsinghua University
· Universities
· A Brief Introduction to Chinese Visa and the Procedure for Visa Application
Job/Internship more...
· Job Opportunities for English Native Speakers
· English teacher
· Lucent interns
· Internship Opportunities
· English teacher
Learning Chinese more...
· A priceless treasure无价之宝
· A swan feather sent from one thousand li away千里送鹅毛
Gov't to raise oil reserve enough to last 90 days

China will stockpile a third phase of strategic oil reserves after the second phase is finished, in a move to meet international standards of reserve capacity, a senior energy official said Friday.

In accordance with the standards of the Organization for Economic Co-operation and Development (OECD), China will work to increase its strategic oil reserves capacity to 90 days, Zhang Guobao, head of the National Energy Administration (NEA), said at a press conference Friday.

"At present, we are far from this level," said Zhang, who is also vice-minister of the National Development and Reform Commission (NDRC), the country's top economic planning body.

China on Thursday started building the Dushanzi strategic oil reserve base in the Xinjiang Uygur autonomous region as a part of the country's second phase of strategic oil reserve bases. The project, which has a capacity of 5.4 million cu m, will consist mainly of crude from Kazakhstan.

The project is one of several energy projects started in Xinjiang on Thursday. Others include three plants that will provide electricity and heat to local people, one power transmission line, one coalmine and one LNG (liquefied natural gas) project, accounting for a total investment of 23 billion yuan.

The seven projects will create 6,000 jobs and generate 2 billion yuan in taxes annually, Zhang said.

"Construction of the Dushanzi oil reserve base is in line with the country's move to build more strategic oil reserves in the inland regions," said Zhang.

China's first phase of strategic oil reserve bases, namely Zhenhai, Zhoushan, Dalian and Huangdao bases, are all located in the coastal areas in Zhejiang, Shandong and Liaoning provinces.

The first four bases have a total capacity of 16.4 million cu m. They were all filled with crude last year, according to the NEA.

第  1  2  页
 Source : China Daily  Editor: Ivy
· China not taking sides on Kashmir
· Chinese Defense Minister visits DPRK
· Chinese, Singaporean presidents meet on bilateral ties
· China's Antarctic exploration ship arrives at Great Wall Station
· China pins high hope on APEC summit
· Central bank hints at yuan appreciation
· China moves to boost auto exports
· China "firmly opposes" Dalai Lama's visit to disputed border region
  在 线 查 词  

Privacy  |  About Us  |  Copyright  |  Advertisement  |  Contact Us