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ewoden Donating Member (634 posts) Send PM | Profile | Ignore Fri Feb-02-07 12:42 PM
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China's first strategic oil reserve begins operation
PWR-CHINA-OIL-RESERVES
China's first strategic oil reserve begins operation

TOKYO, Feb 2 (KUNA) -- China's first strategic oil reserve base began operation this week as oil started filling up its tanks, the state-run China Daily reported Friday.

The reserve base, located in Ningbo in the eastern province of Zhejiang, has a capacity of 5.2 million cubic meters, according to the daily. About CNY 3.7 billion (USD 462 million) has been invested in the reserve.

http://www.kuna.net.kw/home/Story.aspx?Language=en&DSNO=948296
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