国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

  Home>News Center>China
       
 

Strategic oil reserves to be filled next year
(Agencies)
Updated: 2005-01-07 02:01

China, the world's second-biggest oil consumer after the United States, is likely to start filling strategic oil reserves next year in order to ensure a stable and rapid growth of the world’s fastest growing economy, a senior economic official said on Thursday. 

A file photo shows tank cars entering China from Russia at Erlianhaote of the Inner Mongolia Autonomous Region on September 23, 2004. [Xinhua]
Oil demand is expected to keep growing at or above the forecast GDP growth of 8.5 percent for 2005, Zhang Xiaoqiang, vice minister of China's National Development and Reform Commission (NDRC) said on Thursday.

China imports about 40 percent of its crude needs, a proportion that is possible to rise as its consumption shoots higher to fuel a robust economic growth.

Ten million barrels of storage capacity in the east coast city of Ningbo is due to be ready for use in August this year, the first phase of a strategic petroleum reserve (SPR) of some 150 million barrels planned for completion in three to five years, some analysts said.

Chinese oil firms usually hold between 10 and 30 days of oil stocks as part of commercial operations, but Beijing economists have become concerned over the last couple of years over lack of emergency stockpiles, which the developed countries like the United States and Japan have long before built on their soil.

"In 2005 we will still see a relatively stable situation in energy consumption," said Zhang.

China is trying to reduce the energy intensity of its heavy industry to bring energy efficiency closer to western norms, Zhang said. In industrialized nations oil demand growth is generally half their GDP growths.

"Our energy consumption rate will be reduced step by step so we can use doubling of energy consumption to support a quadrupling of GDP," Zhang said. "Last year prices went above $50. Some say this is dangerous not only for China but for the world economy and I agree with this opinion."



 
  Today's Top News     Top China News
 

China to outlaw sex-selective abortions

 

   
 

Wen proposes more aid, co-operation

 

   
 

Strategic oil reserves to be filled next year

 

   
 

China urges US to lift sanctions

 

   
 

Tsunami death toll rises to 145,000

 

   
 

Ten faces of 2004's economy

 

   
  Airlines works for direct charter flights
   
  Food price warning planned in Shanghai
   
  Touched by a six-year-old
   
  Beijing schools slashed by a quarter
   
  WB: China's economy faces challenges
   
  Chinese volunteers leaves for US
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
靖江市| 渑池县| 安陆市| 汉寿县| 夏邑县| 伊春市| 平安县| 鄂州市| 神池县| 安多县| 龙口市| 读书| 巫溪县| 泰安市| 古交市| 八宿县| 海宁市| 且末县| 儋州市| 托克托县| 北辰区| 珠海市| 鄂托克旗| 云浮市| 晋城| 南阳市| 梁平县| 纳雍县| 通榆县| 衢州市| 罗平县| 侯马市| 南安市| 蓬溪县| 霍城县| 宝应县| 德阳市| 读书| 乾安县| 北安市| 莱阳市|