China's 1st strategic petroleum reserve operational
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The reserve, located in eastern China's Ningbo city, is the first of four planned strategic petroleum1 reserves. (File Photo)
 
Jan.30 - The State Development and Reform Commission on Monday said China's first strategic petroleum reserve has been filled with oil and become operational.

 

The reserve, located in eastern China's Ningbo city, is the first of four planned strategic petroleum reserves. The other three reserves are expected to be completed by 2008. The commission says the implementation2 of the petroleum reserve plans is going well.

 

Zhu Hongren, an official from the State Development and Reform Commission, on Monday said China started building its strategic petroleum reserves later than developed countries. He also said the scale of the reserves is relatively3 small.

 

He pointed4 out that the current capacity for petroleum production is inadequate5, because of China's massive land area and huge population.

 

Analysts6 have said a strategic reserve system must be established to ensure China's oil security.

 

China started considering building petroleum strategic reserves in 1993 and the project was officially approved in 2004. More than 100 billion yuan (about US$13 billion) is expected to be spent building the reserves over 15 years.

 

Based on official statistics, China's crude oil imports hit a record high of 145.18 million tons last year. 36.38 million tons of refined oil products were imported. At present, China is the world's third largest importer of oil, behind the United States and Japan. Meanwhile, China is second only to the United States in terms of oil consumption.

 



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1 petroleum WiUyi     
n.原油,石油
参考例句:
  • The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
2 implementation 2awxV     
n.实施,贯彻
参考例句:
  • Implementation of the program is now well underway.这一项目的实施现在行情看好。
3 relatively bkqzS3     
adv.比较...地,相对地
参考例句:
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
4 pointed Il8zB4     
adj.尖的,直截了当的
参考例句:
  • He gave me a very sharp pointed pencil.他给我一支削得非常尖的铅笔。
  • She wished to show Mrs.John Dashwood by this pointed invitation to her brother.她想通过对达茨伍德夫人提出直截了当的邀请向她的哥哥表示出来。
5 inadequate 2kzyk     
adj.(for,to)不充足的,不适当的
参考例句:
  • The supply is inadequate to meet the demand.供不应求。
  • She was inadequate to the demands that were made on her.她还无力满足对她提出的各项要求。
6 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家,化验员( analyst的名词复数 )
参考例句:
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
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