Decryption of China's strategic oil reserves raised to 85 million tons

 Recent international crude oil futures prices continued to rise, and break through $ 90 a barrel, the highest since October 2008 a new high. According to the National Development and Reform Commission monitoring shows volatility in international oil prices in 2010 up, the average price rose 28% in 2009. High international oil prices and the recent problems in the domestic

2020, China's strategic oil reserves will be 90 days of imports entered the autumn and winter

2010, China Eastern, suddenly appeared in many parts of southern severe shortage of diesel supply, but tends to ease soon. Analysts believe that the December 2007 establishment of the national oil reserve center similar to the response to the shortage of oil supply has played a crucial role.

It is understood that China has established strategic oil reserve discussion started in 2000. That year, China's net imports of crude oil 6000 tons, the foreign dependency rate is not 30%. But at that time but 80% of the imported crude oil from the Middle East, import dependence on a single and long sea. Based on inadequate or interrupted supply of crude oil to avoid the risk considerations, then, the NDRC, Ministry of Transport, shipping companies, oil companies, etc. composed of discussion groups, case studies and the establishment of the diversification of oil sources of oil reserves.

2003 after the oil price rise, China's crude oil imports also rose sharply. 2003, 80 million tons, 120 million tons in 2004, is growth in 2007 to 1.5 million tons, the first time exceeded 200 million tons in 2009, dependence on foreign oil has more than 50% for many years to establish oil reserves to ensure national energy security changes increasingly urgent.

2007  12 18, National Development and Reform Commission announced that China National Petroleum Reserve Center was established to strengthen the construction of China's strategic oil reserves, a sound oil reserve management system. Decision-makers decided to use 15 years in three phases to complete the construction of oil reserve base.