Facebooktwitterlinkedinmail

OERapid Review Articles

In a move to improve its energy security and take advantage of cheap oil, China is spending billions of dollars to build up strategic petroleum reserves (SPR) to meet up to 90 day’s worth of net import demand in case of a disruption. The country is building underground caverns capable of holding up to a quarter of its expanded strategic oil reserves by 2020, as it looks for new storage methods away from expensive and exposed above-ground tanks in crowded coastal regions.

LINK TO THE SOURCE ARTICLE:
China goes underground to expand Its strategic oil reserves

SOURCE: DownstreamToday.com
DownstreamToday.com

downstreamtodayWEB1

 

LINK TO THE SOURCE ARTICLE:

China goes underground to expand Its strategic oil reserves

 

SHARE YOUR THOUGHT

comments