SOURCE: Industrial Info Resources

August 10, 2007 05:01 ET

China to Build Four-Level Oil Reserve System, an Industrial Info News Alert

BEIJING--(Marketwire - August 10, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- It is reported by China Daily that China is planning to build a four-level oil reserve system. The four levels are: National Strategic Reserve, Local Governmental Reserve, Commercial Oil Reserve by Three National Oil Corporations (China National Petroleum Corporation, CNPC; China Petroleum and Chemical Corporation, Sinopec; and China Offshore Oil Corporation, CNOOC), and Oil Reserves held by Small and Medium-Scale Oil Companies.

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