National Development and Reform Commission Says: The Supply and Demand of Refined Oil is Still in a "Tight Balanced" Situation

At the 2006 economic operation press conference convened this morning by the National Development and Reform Commission, the most noticeable issue was the supply of refined oil products. In response, Zhu Hongren, deputy director of the Economic Operation Bureau of the National Development and Reform Commission, said: "Of a tight supply of refined oil products, we have ensured market supply under careful organization. Transportation in southern China and eastern China has eased."

Zhu Hongren pointed out at the same time that the supply and demand situation of coal, electricity, and oil transportation continues to ease regional tensions. The supply and demand of refined oil products are still in a state of tight balance. The overall railway transportation capacity is still tight. In addition to the expansion of 70 million tons of Daqin Line and Houyue Line this year, there is no new investment in the main line, and it is very difficult to increase the volume of transportation. The railway transportation in the Northeast, Northwest, Southwest, etc. is still relatively low. tension.

Han Yongwen, secretary general of the National Development and Reform Commission and spokesperson of the press, explained: “Out of consideration for the development of China’s overall oil reserves in the future, the country has been researching and advancing this work in an orderly manner. The first oil reserve bank in China has begun to operate and is injected. From the current situation, compared with foreign countries, China’s oil reserves started relatively late and the scale of construction is much smaller than other countries.After the plan is completed in the future, because China has a large population, the land area is relatively large and the foundation is relatively weak. Our reserve capacity is still relatively inadequate."

According to news released by the National Development and Reform Commission at the press conference, in 2007, the overall supply and demand of coal, electricity, and oil is expected to be balanced, and the issue of coal, electricity, and oil will be more manifested as a structural contradiction. The situation of coal supply and demand has further slowed down, and power shortages have basically eased. However, due to constraints in transportation capacity, widening power grid load peaks and valleys, lagging grid construction, safety production, and climate factors, local regions and some periods of time still exist.

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