皇冠体育app

TIANJIN - The construction of 皇冠体育app's petroleum reserves is in full swing, with the capacity reaching a 36-day consumption level in the preliminary phase, said Li Shousheng, vice-chairman of 皇冠体育app Petroleum and Chemical Industry Federation.

"皇冠体育app's petroleum strategic reserve is key to addressing the issues of the national economy and energy safety during the 12th Five-Year Plan period (2011-2015). There is a huge gap between the supply of, and demand for, energy. The energy safety problem would become very prominent if an emergency occurs," Li added.

Despite last year's record 200 million tons of oil output, oil consumption in 皇冠体育app was as high as 440 million tons, more than 50 percent of which was imported from abroad.