China’s Emergency Crude-Oil Storage Bases
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The following table shows China’s emergency-crude storage sites.
The country plans to build reserves in three phases to hold the equivalent of 100 days of net imports by 2020. That’s about 600 million barrels, based on China’s imports of 6 million barrels a day last month. The U.S. held 696 million barrels in its Strategic Petroleum Reserve as of June 1, Energy Information Administration data show.