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(China's) First strategic oil reserve begins operation

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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-07-07 12:04 PM
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(China's) First strategic oil reserve begins operation
http://www.chinadaily.com.cn/bizchina/2007-02/01/content_798367.htm

The reserve, located in Ningbo, East China's Zhejiang Province, has a capacity of 5.2 million cubic meters. About 3.7 billion yuan (US$462 million) has been invested in the reserve.

<more at link>
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-07-07 12:41 PM
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1. That is about 36 million barrels. By way of comparison, the US reserve is 700 million barrels.
I don't know what that means, just thought I'd compare them.
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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-07-07 12:50 PM
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2. An SPR Gap
Time to drop the Big One...

:evilgrin:
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