Tsai Ling, member of the National Committee of the Chinese People's Political Consultative Conference and Deputy Director of the Research Department of the Democratic People's Republic of China, who attended the two sessions in Beijing, submitted a proposal on “Improvement of the Petroleum Strategic Reserve System Recommendation” on how to choose the right oil reserve management system and clarify the function and use of the oil reserve. Conditions, legislation for formulating oil reserves, etc. make recommendations. On March 6, Cai Ling was interviewed by reporters.
Cai Ling introduced that China's oil base has planned a total of three phases: the first phase of 12 million tons, the second phase of 28 million tons, and the third phase of 28 million tons. The first phase of the oil reserve base includes Zhenhai in Ningbo, Laoshan in Zhoushan, Huangdao in Qingdao, and Dalian. At present, the Zhenhai base has been completed, and the other three bases have been successfully constructed. Four bases have invested more than 6 billion yuan by the state. After the first phase of the oil reserve base is completed, it will form a government reserve capacity for a total of more than 10 days of imported crude oil. Coupled with about 21 days of commercial oil reserves within the petroleum system, China's total reserves will exceed 30 days of crude oil imports. The site selection for the second phase of the oil reserve base is in progress.
In addition, China has already adopted the four major oil and gas regions in Xinjiang, Shaanxi, Gansu, Ningxia, Sichuan, and Qinghai as four strategic reserve fields, and some of them are sealed or mined for exploration or development as a strategic reserve resource.
However, looking at the situation of international oil reserves, from the perspective of national energy strategy and security, there are still many deficiencies in the construction of China's petroleum strategic reserve system.
To this end, Cai Ling suggested: First, we should choose a suitable oil reserve management system. According to China's specific national conditions, oil reserves should be integrated with the management methods of the United States and Japan, the combination of government reserves and corporate reserves, the implementation of a highly centralized and unified management system, and a separate operating model of government reserves and corporate reserves.
The second is to clarify the function and utilization conditions of the oil reserve. The position of China's oil reserves can be referenced to the United States and Japan, and it is mainly positioned to respond to emergencies, including the occurrence of wars, resulting in emergency and deterrence measures that lead to large-scale interruptions and severe shortages of imported or domestic oil supplies. At the same time, there should be strict legal basis for the use of oil reserves. Based on international experience, only in the event of an emergency can the chairman of the country sign an order to use it.
Third, legislation on oil reserves should be formulated. China is now urgently required to legislate on oil reserves and energy security, speed up the legalization and standardization of oil reserve construction and management, so that the entire process of oil reserve construction can be implemented and implemented according to law.
The fourth is to further broaden the sources of oil reserve funds. In combination with the management system of China's oil reserves, oil reserve funds should be financed mainly with funds and be channeled through multiple channels.
Fifth, we should rationalize our oil reserve base. In light of international experience, the layout of China's oil reserve bases should be focused on: Considering the use of underground salt caverns as far as possible to reduce costs; Convenient transportation; Relative concentration, as close as possible to a large refinery; Close to a deep-water terminal capable of unloading large tankers; In the hinterland, to meet the needs of the future expansion of scale; management as much as possible rely on companies with operating experience in oil depots to reduce operating costs.

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