The Strategic Petroleum Reserve (SPR) is an emergency fuel store of oil maintained by the People's Republic of China National Development and Reform Commission. China doesn't officially report it's SPR volume but it's estimated to be approximately 400 million barrels in total, with a capacity of around 500 million barrels.
In 2007 China announced an expansion of their crude reserves into a two part system. Chinese reserves would consist of a government-controlled strategic reserve complemented by mandated commercial reserves. The government-controlled reserves was completed in three phases. Phase one consisted of a 101.9 million barrel reserve, mostly completed by the end of 2008. The second phase of the government-controlled reserves with an additional 170 million barrels for completion by 2011. Recently, Zhang Guobao the head of the National Energy Administration also stated that there will be a third phase that will expand reserves by 204 million barrels with the goal in 2009 of increasing China's SPR to 90 days of supply by 2020.
The government and enterprise reserves are managed by the National Development and Reform Commission(NDRC). Current plans call for government reserves of 475.9 million barrels (101.9 million barrels completed, 374 million barrels planned).
First phase facilities:
Dalian, Liaoning Province. Capacity of 19 million barrels (3,000,000 m³), filled as of September 2009.
Qingdao, Shandong Province. Capacity of 19 million barrels (3,000,000 m³), filled as of September 2009.
Zhenhai, Zhejiang Province. 52 storage tanks with a capacity of 33 million barrels (5,200,000 m³), filled as of December 2007.
Zhoushan, Zhejiang Province. Capacity of 33 million barrels (5,200,000 m³), 7.6 million barrels (1,210,000 m3) filled as of June 2007.
Second phase facilities:
Dushanzi, Karamay City, Xinjiang Uygur Autonomous Region. Planned capacity of 34 million barrels (5,400,000 m³).
Lanzhou, Gansu province. Planned capacity of 19 million barrels (3,000,000 m³), with completion by 2011.
Huangdao, Shandong Province
Jinzhou, Liaoning Province
Four other facilities, location and size to be determined.
Third phase facilities:Wanzhou, Chongqing Municipality
Henan Province
Caofeidian, Hebei Province
Tianjin. Planned capacity of 150 million barrels (20,000,000 m³), with completion by 2023.
Local government reserves
Guangdong Province has begun plans for an expanded reserve from 20 days to 90 days.
Hainan Province has begun plans for a reserve.
Shanshan, Xinjiang Uygur Autonomous Region has begun plans for a reserve.
Caofeidian, Hebei province has begun plans for a reserve.
Wanzhou, Chongqing municipality has begun plans for a reserve.
Currently the enterprise reserves compose a smaller portion of the overall SPR with a 209.44 million barrel strategic reserve planned (35.33 million barrels completed, 51.5 million barrels under construction).
Commercial oil reserves by major Chinese oil companies, PetroChina, Sinopec and CNOOC
PetroChina facility, Shanshan County, Xinjiang Uygur Autonomous Region. Completed with a capacity of 6.3 million barrels (1,000,000 m3).
PetroChina facility, Tieling, Liaoning Province. Completed with a capacity of 5.03 million barrels (800,000 m3), completion October 2008
Sinopec facility, Ningbo, Zhejiang Province. Completed with a capacity of 24 million barrels (3,800,000 m3).
Sinopec facility, Rizhao, Shandong Province, under construction. Planned capacity of 20.1 million barrels (3,200,000 m³)
Sinopec facility, Beihai, Guangxi region, under construction. Planned capacity by 2011 of 20.1 million barrels (3,200,000 m³)
Sinopec facility, Zhanjiang, under construction
Sinopec facility, Caofeidian, under construction
Sinopec facility, Shanghai, under construction
Sinochem facility, under construction
Unknown company, Heilongjiang Province
CNOOC facility, Gansu Province, under construction. Planned capacity of 11.3 million barrels (1,800,000 m3).
Oil storage reserves by medium and small Chinese oil companies
The planned state reserves of 475.9 million barrels plus the planned enterprise reserves of 209.44 million barrels will provide around 90 days of consumption or a total of 685.34 million barrels.
The U.S. Strategic Petroleum Reserve is the largest emergency supply in the world with the current capacity to hold up to 727 million barrels (115,600,000 m3). The second largest emergency supply of oil is Japan's with a 2003 reported capacity of 579 million barrels (92,100,000 m3).
