Govt to raise oil reserve enough to last 90 days

China will stockpile a third phase of strategic oil reserves after the second phase is finished, in a move to meet international standards of reserve capacity, a senior energy official said Friday.

In accordance with the standards of the Organization for Economic Co-operation and Development (OECD), China will work to increase its strategic oil reserves capacity to 90 days, Zhang Guobao, head of the National Energy Administration (NEA), said at a press conference Friday.

"At present, we are far from this level," said Zhang, who is also vice-minister of the National Development and Reform Commission (NDRC), the country's top economic planning body.