China Unlikely To Delay Filling Oil Reserves – Official

(Dow Jones)- China will push ahead with filling its oil tanks for strategic reserves by the end of this year, a senior researcher from the country’s top economic planning agency said Thursday.

The government will obtain oil for the reserves “from two sources that aren’t very affected by international market (prices): domestic production (by state- owned oil companies) and some overseas fields where Chinese oil companies have stakes,” said Zhou Fengqi from the Energy Research Institute under the National Development and Reform Commission. He was speaking on the sidelines of an energy conference.
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