Zhang Guobao
Zhang Guobao
Zhang Guobaois Vice Chairman of the National Development and Reform Commission...
against buy currently face high oil prices risks
Currently the international oil prices are at high levels. Against this backdrop, we would face big risks if we buy oil from the international market.
buy china current financial global great high market oil price program reserve risk strategic
It would be a great financial risk for China to buy oil at the international market for its strategic reserve program as the current global oil price has been fluctuating at a high level.
drive oil slightest
Any slightest fluctuation could drive speculations on the oil price.
effort gas oil possible resources
As long as an all-out effort is made in exploration, it is possible to find new oil and gas resources in China.
evaluation former gas oil outcome resources
The outcome of evaluation on the oil and gas resources was better than former data.
attribute china correct crude developing growth hike india nations oil price
It is not correct to attribute the crude oil price hike in 2004 to the growth of oil consumption in developing nations such as China and India .
crude current higher oil price shortage since
The current price is much higher than it should be, since there is not a real crude oil shortage in the world market.
cent increase per proportion
And the proportion will increase to 10 per cent by 2020.
correct decision moment next russia saying
One moment Russia is saying they have made a decision, the next saying that no decision has been made. To date, there has been no correct information. This is regrettable.
china depend domestic economize energy explore increase mainly overseas strategy supply
China has set a strategy to economize energy use, increase energy efficiency, mainly depend on domestic supply and explore the overseas market.
electricity few marks point supply turning
This marks a turning point in the electricity supply shortfalls of a few years ago.
actual
There has been a lot of communication, but there has been little actual progress.
determined
This should be determined by China's real conditions.
according determined
This (scale) should be determined according to China's real conditions.