On the construction of petroleum reserve system

On the construction of petroleum reserve system

October 15, 2010/Dong Xiucheng

Problems of petroleum reserve is a cliché, but in our country is a topic have to often cause discussion. Petroleum reserve system concept comes from the West, and the first to practice in the West, this concept is not new.

For oil reserves, has not a single, unified model in the international community. Western countries practice shows that a country can be selected according to their different system and operation mode of oil reserves. For example, the United States Government-led national strategic petroleum reserve (SPR, Japan is the common form of reserve State and private enterprises, Germany Government reserves, enterprises and public bodies way of combining common reserve met.

Petroleum reserve system in China construction idea comes from Western countries, but had not yet achieved perfection, on the whole and sound system. From the perspective of national energy security strategy, deal with disruption of oil supply is leisurely must take into account the strategic objectives in our country, so in over a dozen years construction of petroleum reserve system in China is the main body of the Government, mainly to the establishment of national reserve to the main content.

From the perspective of economic capacity, construction needs huge amounts of money on oil reserves, it is necessary from the perspective of society rather than to individual enterprises in terms of increasing the ability to resist crises, the Government and the capacity of enterprises need to consider.

From the perspective of reality, China needs to set up a Government reserves and commercial interaction coordination reserve system, single-standing Government reserve is not perfect. Government reserves and commercial enterprises different functions, shall perform their respective duties, do not substitute. Is the response to the disruption of oil supply in the Government petroleum reserves, but can only be used in case of war and emergency, rather than in normal market mechanisms play a role to play under the regulation of international and domestic market oil prices and supply and demand functions.

When an exception occurs or when market fluctuation, that is due to market demand and supply relationship under the market mechanism and the fluctuation of oil prices, means to solve the problem should be commercial reserves should be run by enterprises through commercial reserves or other

Regulated way.

If the State regulation of frequent use of strategic oil reserves oil market, companies use commercial or administrative intervention reserve, this completely goes against the rules of the market, not only does not meet the purpose of the regulated market may also make financial bear a heavy burden, and the international community's strong opposition.

For the national petroleum reserve system in the evening, China should speed up legislation, enacted the petroleum reserves act as soon as possible, clear goals, objectives, scale of China's oil reserves, institutional management, funds, style, layout and use issues, make the whole process of construction of petroleum reserve system in China there are laws to follow, legal, legal protection.