China's current production, consumption, stockpile as well as
import and export of oil products are well-balanced in general,
with sufficient supply guaranteed, Li Yang, an official with the National Development and Reform
Commission told Xinhua in an interview.
Li ruled out the possibility of oil products crisis in the
country, saying recent insufficient supply in some parts of
southern China resulted from natural disasters and international
oil price hike.
"The government has taken urgent measures, and the insufficient
supply in southern Guangdong
Province will soon be alleviated," Li said.
Since Aug. 16, the China Petrochemical Corporation (Sinopec) and the
China National Petroleum Corporation (CNPC), China's
two oil giants, delivered 80,000 to 90,000 tons of oil products
daily to Guangdong, which exceeded the regular consumption amount
in the province.
Since the beginning of this year China's oil products market has
been stable in general, said Li, and the demand for oil products
can be met.
(Xinhua News Agency August 21, 2005)