Middle East Economic Survey
VOL. LII
No 19
11-May-2009
SUPPLY/DEMAND
China Approves Storage Plan For 10Mn Tons Of Refined Products
China has approved a plan to build by 2011 storage facilities to hold 10mn tons of refined products, Reuters reported on 6 May. The products inventories are intended to be the equivalent of two weeks worth of gasoline, diesel and kerosene consumption. China has recently completed the first stage of a strategic crude oil reserve that could meet one-month of the countrys...
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