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1009

Chinese First Oil Reserve Filled

China said Wednesday its first national oil reserve base has been filled with crude oil

China's first national oil reserve base in Zhenhai province has been filled with crude oil.

The base, built by Sinopec, has a planned storage space of 5.2 million cubic meters, said the National Development and Reform Commission, China's top economic planning agency.

The completion and use of the base represented a milestone for China's oil reserve system, said the commission.

The base is one of four of that China began to build from March, 2004 onwards in coastal areas.

The other three - in Zhoushan, Zhejiang Province, Huangdao, Shandong Province and Dalian, Liaoning Province - are still under construction, and are expected to be in use later this year or next year.