Strategic petroleum reserve (China)

The Strategic Petroleum Reserve (SPR; Chinese: 中华人民共和国战略石油储备) 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 as of 2016 the SPR was estimated to hold approximately 400 million barrels in total, out of a capacity of around 500 million barrels.[1]

  1. ^ "Oil Bulls Beware Because China's Almost Done Amassing Crude". Bloomberg.com. 2016-06-30. Retrieved 2017-01-03.