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Petroleum consumption and petroleum security in China can directly affect the development of national economy. This article briefs the conditions in world’s developed countries with respect to oil consumption and strategic oil reserves. Taking into account the quick increase in China’s oil consumption this article proposes to increase the oil resources along with consumption reduction and avoidance of risks in order to safeguard China’s oil supplies.
Petroleum consumption and petroleum security in China can directly affect the development of national economy. Taking note that the conditions in the world’s developed countries with respect to oil consumption and strategic oil reserves. the oil resources along with consumption reduction and avoidance of risks in order to safeguard China’s oil supplies.