China not to increase purchase of everseas oil for strategic reserves in new of high price

摘要

"China Is building its system of strategic reserves for crode oil and the process Is underway well, but It will not increase the strategic reserves by boosting purchase of overseas crude oil In view of the current high price," said Mr. Zhang Guobao, vice director of the NDRC. la a long-term viewpoint, there is still large potential for energy supply in China and the nation's energy demand can be basically met by domestic supply, said Mr. Zhang Guobao.