Strategic petroleum reserve

The Strategic Petroleum Reserve (SPR; ) is an emergency fuel store of oil maintained by the People's Republic of China National Development and Reform Commission. China does not officially report its volume, but the SPR was estimated to hold approximately 400 million barrels in total, out of a capacity of around 500 million barrels. Background In 2007 China announced an expansion of their crude reserves into a two part system. Chinese reserves would consist of a government-controlled strategic reserve complemented by mandated commercial reserves. The government-controlled reserves was completed in three phases. Phase one consisted of a 101.9 million barrel reserve, mostly completed by the end of 2008. The second phase of the government-controlled reserves with an additional 170 million barrels for completion by 2011. Recently, Zhang Guobao the head of the National Energy Administration also stated that there will be a third phase that will expand reserves by 204 million barrels with the goal in 2009 of increasing China's SPR to 90 days of supply by 2020. Reserve structure Government reserves in 2009 The government and enterprise reserves are managed by the National Development and Reform Commission(NDRC). Current plans call for government reserves of 475.9 million barrels (101.9 million barrels completed, 374 million barrels planned). First phase facilities: Dalian, Liaoning Province. Capacity of 19 million barrels (3,000,000 m³), filled as of September 2009. Qingdao, Shandong Province. Capacity of 19 million barrels (3,000,000 m³), filled as of September 2009. Zhenhai, Zhejiang Province. 52 storage tanks with a capacity of 33 million barrels (5,200,000 m³), filled as of December 2007. Zhoushan, Zhejiang Province. Capacity of 33 million barrels (5,200,000 m³), filled as of June 2007. Second phase facilities: Dushanzi, Karamay City, Xinjiang Uygur Autonomous Region. Planned capacity of 34 million barrels (5,400,000 m³). Lanzhou, Gansu province. Planned capacity of 19 million barrels (3,000,000 m³), with completion by 2011. Huangdao, Shandong Province Jinzhou, Liaoning Province Four other facilities, location and size to be determined. Third phase facilities: Wanzhou, Chongqing Municipality Henan Province Caofeidian, Hebei Province Tianjin.