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China's oil products supply is sufficient
(Xinhua)
Updated: 2005-08-21 13:27 China's current production, consumption, stockpile
as well as import and export of oil products are well-balanced in general, with
sufficient supply guaranteed, Li Yang, an official with the National Development
and Reform Commission told Xinhua in an interview.
Li ruled out the
possibility of oil products crisis in the country, saying recent insufficient
supply in some parts of southern China resulted from natural disasters and
international oil price hike.
"The government has taken urgent measures,
and the insufficient supply in southern Guangdong Province will soon be
alleviated," Li said.
Since Aug. 16, the China Petrochemical Corporation
(Sinopec) and the China National Petroleum Corporation (CNPC), China's two oil
giants, delivered 80,000 to 90,000 tons of oil products daily to Guangdong,
which exceeded the regular comsumption amount in the province.
Since the
beginning of this year China's oil products market has been stable in general,
said Li, and the demand for oil products can be met.
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