VOL. XLIII

No. 10

6-March-2000

CHINA

High Oil Prices Prompt China To Consider Building A Strategic Petroleum Reserve

High international petroleum prices are threatening the security of China's oil supply and have prompted the country to consider setting up a strategic petroleum reserve as well as developing alternative energy sources, the official China Business Weekly reported on 26 February.

The newspaper quoted an unnamed petroleum industry official as saying "we cannot accept endless rising...