China and the United States have signed a prelimin

2022-08-01
  • Detail

China and the United States have signed a preliminary agreement on cooperation in strategic oil reserves. According to the above agreement, in addition to sharing information on technical, management and policy issues related to oil reserves, the energy sector will also hold annual technical meetings in the two countries in turn every year. Recently, the National Energy Administration reported that China and the United States have signed a preliminary agreement, and the two countries will cooperate on strategic oil reserves. In addition, wuxinxiong, director of the national energy administration, and monitz, Secretary of the U.S. Department of energy, also had an in-depth discussion on the views of China and the United States on shale gas development, LNG trade, AP1000 nuclear power project, non fossil energy and energy information sharing

the US Department of energy said in a statement that the two sides would share information on technical, management and policy issues related to oil reserves

China business news also learned yesterday that China had been actively discussing a partner country plan with the International Energy Agency (IEA), which also included issues related to strategic oil reserves

obviously, this will be one of the steps of internationalization of China's energy industry, and the step of transparency of energy policy is increasing. Zhangchunyu, an expert from the World Energy Research Office of the Chinese Academy of Social Sciences, said to

however, many experts who have long paid attention to oil reserves said that due to the late start of PetroChina (601857, Guba) strategic reserve and other factors, it is still too early to fully transparent the dynamic inventory of crude oil like the United States gb/t 2811-2007 helmet

gap with the rest of the world

according to the news from the energy departments of China and the United States, in addition to sharing information on technical, management and policy issues related to oil reserves, the energy departments will also hold annual technical meetings in the two countries in turn every year

these remarkable activities of Jinan assay service will enable the two countries to understand each other's systems and decisions, and help them make effective responses to problems encountered in global oil supply. The US Department of energy said

the two sides have not announced the specific terms of this preliminary agreement. Last year, during his visit to China, Moniz expressed concern about the oil reserve coordination agreement between the two sides. At that time, it was said that the US side hoped that, in addition to daily exchanges, China US cooperation in oil reserves could ensure the stability of the global oil market and coordinate the release of strategic oil reserves when necessary

but it is not easy to achieve this level of cooperation. From the perspective of oil reserve management, in the United States, strategic oil reserves are managed by the Ministry of energy, while China's strategic oil reserves are managed by the four major state-owned oil enterprises. In addition, there is still a big gap between China and the United States in terms of the scale of oil reserves. The data in 2012 showed that China's oil reserves were 270Million barrels, while the amount of oil reserves in the United States has exceeded 700million barrels

Li Li, director of axis research and Strategy Center, told this newspaper that the U.S. crude oil inventory has become a tool to regulate oil prices. Once the inventory is released, the international oil price will fall. But judging from the current situation in China, it is still difficult to achieve this effect. The main reason is that China's reserves are not large, and it lacks the corresponding voice in the international crude oil trade

Li Li said that according to the existing oil reserve policies of both sides, the dynamic crude oil inventory of the United States can be checked at any time, but China is still relatively conservative. For example, except that the specific locations of the first batch of oil reserve bases have official information, the second and third batch of bases have not been released with complete official information

in fact, at present, there is no unified data release on China's oil reserves. The data commonly cited by the media and analysts is that the load unit is installed on the moving beam driven by electromechanical or oil pressure. By 2020, China's oil reserves will reach a 90 day net import volume

greater transparency

however, people close to the competent energy department told that the management department has gradually realized that isolation is not a good thing. Now, China's demand for transparency and internationalization of oil reserves has begun to show positive

this newspaper has learned that the oil emergency drill is also covered by China and IEA in the discussion of the partner country plan. In addition, IEA has been pushing China and other emerging economies to disclose the information of strategic oil reserves. Compared with the agreement with the United States, the contents involved in the plan will be more substantive, including policy mutual inspection on energy strategies of non IEA member countries included in the plan

although there is no substantive commitment yet, China has shown positive performance. According to people familiar with the matter, Mexico, as a non IEA member, is not very positive about the plan

although China is the world's largest energy consumer, China is not an IEA member at present. Although Shino Tanaka, the former executive director of IEA, has actively promoted China's accession to the organization, neither the threshold of IEA nor China's own wishes have matched the overwhelming majority of Chinese graphene patents in the world. One reason is that the transparency of China's energy statistics cannot meet the standards of IEA member states

in April last year, IEA executive director mariavandehufen said that she hoped to strengthen cooperation with the seven emerging economies led by China in the field of global energy governance in the form of special cooperative relations, especially in the fields of energy data sharing and coordination of strategic oil reserves

tujianjun, director of the China energy and Climate Project of the Carnegie Endowment for international peace, believes that even if China does not consider joining the IEA in the short term, China can also cooperate with the IEA in improving the quality and transparency of China's energy statistics, and in coordinating the implementation mechanism of strategic oil reserves

as for the cooperation with the United States in promoting oil reserves, zhangchunyu said that even if it can not affect the international market in the short term, it is a positive signal for Chinese energy enterprises that China's energy trade and investment policy is gradually liberalizing

Copyright © 2011 JIN SHI