Minimum oil stocks to be set
Print Edition
CHINA will set a minimum inventory level for commercial crude oil to keep the domestic oil market stable, the country’s top economic planner said yesterday.
All crude oil refineries must keep their inventories above 15 days’ average processing level, and no less than 10 days’ deposits if global crude oil prices exceed US$130 per barrel under a National Development and Reform Commission guideline.
Refineries should have minimum stocks within a year, while the deadline for enterprises with limited stock capacity is three years, the guideline said.
The new rule aims to meet short-term crude oil shortages and brace against global fluctuations. Commercial crude oil reserves will be held in case of natural disasters or emergencies, it said.
China’s commercial crude oil stocks fell 3.89 percent at the end of December from November. Stocks of refined oil products shed 4.02 percent.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
