The State Bureau of Grain and Material Reserves organizes the release of national reserve crude oil mainly for domestic refining and chemical integration enterprises
CCB, Beijing, September 10 (Reporter Gao Xinran) The reporter learned from the State Bureau of Grain and Material Reserves that, with the approval of the State Council, the State Bureau of Grain and Material Reserves organized the release of national reserve crude oil in phases and batches in rotation for the first time. The launch is mainly for domestic refining and chemical integration enterprises to ease the pressure of rising raw material prices for production enterprises.
Implementing the normalized rotation of national oil reserves is an important way to give play to the regulatory role of the reserve market. Putting national reserve crude oil on the market through open auction sales will better stabilize the domestic market supply and demand and effectively guarantee national energy security.
Copyright and disclaimer
Copyright statement: All manuscripts whose source is “Meeting Point, Xinhua Daily and its sub-papers” or whose electronic head is “Xinhua Newspaper Net” are exclusive copyrights of Xinhua Newspaper Net. No reprinting or mirroring is allowed without permission; reprinting is authorized The source must be indicated as “Xinhua Newspaper Net”, and the electric head of “Xinhua Newspaper Net” shall be kept.
Disclaimer: The reprinted manuscripts on this site only represent the author’s personal views and have nothing to do with Xinhua Newspaper.com. The originality and the text and content stated in the article have not been verified by this site. This site does not make any guarantees or promises regarding the authenticity, completeness, and timeliness of this article, all or part of the content, and the text. Readers are invited for reference only, and please Verify the relevant content yourself.