China plans to get oil companies to reserve oil resources

时间：2007-04-13 07:15:54

（单词翻译:单击）

Chinanews, Beijing, Apr. 13 – China plans to set up an early-warning system and an emergency handling system for energy resources in order to guarantee energy safety. Apart from government storage of oil reserves, the government plans to get oil companies to reserve some oil resources for commercial use, according to the Energy Development Program for the Eleventh Five-Year Period issued by the state on Wednesday.

 

According to this report, by 2010 China’s primary energy consumption will reach 2.7 billion tons of standard coal. Although production will increase at a rate of 3.5% year on year, still China can produce a total of 2.45 billion tons of standard coal by then. This means that energy shortage will increase from 188 million tons of standard coal in 2005 to 254 million tons by then.

 

While speeding up its efforts to reserve more oil reserves, the government will choose an appropriate time to set up a compulsory1 scheme by requiring oil companies to store some oil for commercial use so as to improve China’s oil storage system.

 

By such compulsory scheme, Chinese government will obligate Chinese oil giants, including PetroChina, Sinopec and SNOOC, to store some oil reserves. It is expected that these oil giants will help China to enlarge its strategic oil storage capacity. The oil resources reserved by these companies will be allocated2 by the state if necessary, said Zhou Fengqi, an oil expert from the Energy Research Institute under the State Development and Reform Commission.

 

In 2004, Chinese government kicked off its oil reserve construction project. So far, China has set up four oil reserve bases, one in Dalian of Liaoning Province, one in Huangdao of Shandong Province, one in Zhenhai and one in Zhoushan, both in Zhejiang Province. The total storage capacity of these four oil reserve bases will reach 10-12 million tons. At present, the government is trying to select more places as oil reserve bases. The storage amount of these four oil bases will equal 30 days of China’s oil import volume, while most countries in the world normally store oil equivalent to 90 days of their import volume.

 

The corporate3 oil reserve compulsory system is in line with China’s national situation, since China needs a large storage of oil reserves and most oil companies are run by the state, said Zhou.

 
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1 compulsory 5pVzu     
n.强制的，必修的；规定的，义务的
参考例句：
  • Is English a compulsory subject?英语是必修课吗？
  • Compulsory schooling ends at sixteen.义务教育至16岁为止。
2 allocated 01868918c8cec5bc8773e98ae11a0f54     
adj. 分配的 动词allocate的过去式和过去分词
参考例句：
  • The Ford Foundation allocated millions of dollars for cancer research. 福特基金会拨款数百万美元用于癌症研究。
  • More funds will now be allocated to charitable organizations. 现在会拨更多的资金给慈善组织。
3 corporate 7olzl     
adj.共同的，全体的；公司的，企业的
参考例句：
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

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