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China starts first national oil reserve base
Huangdao strategic oil base awaits lower prices
More oil reserve bases to be built

Second phase of national oil reserve base sites undecided

By Si Tingting and Zhao Tingting (chinadaily.com.cn)
Updated: 2009-02-19 11:50

Sites of two bases of the national oil strategic reserve base project (Phase II) have been decided, while the other six haven't, a senior official with the National Energy Administration told China Daily today.

China announced to pick up the construction of the second phase of national oil strategic reserve base project last November, when the State Council issued the $586 billion stimulus package to boost the slowing economy and domestic consumption.

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