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The state shall encourage social capital to participate in the oil storage facilities construction operations

The state shall encourage social capital to participate in the oil storage facilities construction operations

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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The state shall encourage social capital to participate in the oil storage facilities construction operations

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

According to China's national energy administration on Tuesday (May 31) released by the national petroleum reserve regulations (draft) ", China is encourage social capital to participate in oil storage facilities construction operations.

"Draft", points out that the "engaged in the crude oil processing, the refined oil wholesale and crude oil import and export enterprise, should undertake corporate obligations reserves. In addition, the use of corporate obligations reserves, by the department in charge of energy release instructions, relevant enterprises shall be unconditional implementation."

According to the published in the national energy administration on the website of national petroleum reserve ordinance (draft) ", the enterprise obligations reserves calculation is based on the minimum inventory level of the enterprise daily maintain in accordance with the law. According to the oil market supply and demand, the energy department of the state council may allow firms to compulsory reserves in a certain period of time to adjust.

Foreign media after the survey, China is expected to take the current oil price is still in a lower level, this year will increase by 7000-90 million barrels of strategic oil procurement.

By the middle of 2015, China's strategic petroleum reserve program has stockpiled about 190.6 million barrels of crude oil, about a month of net imports of crude oil. China's goal is to eventually crude oil reserves of 90 days of net imports.

"Draft", points out that referred to in these regulations, the state oil reserves, including government reserves of oil and oil enterprise obligations reserves.

"Draft" also shows that in case of "caused by incidents such as the national or local area oil supply disruption or sharply reduce, has or may cause serious domestic market supply and demand imbalance, and the major effect or damage to the national economy, or the macroeconomic regulation and control need." Power administrative department under the state council shall make use of national petroleum reserve program, after the review of the development and reform departments under the state council, the state council for approval.

"Draft", "oil" referred to in these regulations include crude oil and refined oil. Products include gasoline, diesel, kerosene, etc.

The national energy administration, points out that the drafting of the national petroleum reserve ordinance (draft) ", now to solicit opinions from the public, and on June 18, please feedback. But when did not mention the regulations will be officially launched.

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