China discloses status of strategic oil reserves
Beijing (UPI) Nov 20, 2014 - For the first time ever, the Chinese government published data on its strategic petroleum reserves, saying it had about 91 million spare barrels on hand. The National Bureau of Statistics said Thursday the first phase of an oil reserve project was completed and in service with enough oil on hand for nine days of energy needs. The first phase consists of four basins and is part of ... more

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