And the proportion will increase to 10 per cent by 2020. |
Any slightest fluctuation could drive speculations on the oil price. |
As long as an all-out effort is made in exploration, it is possible to find new oil and gas resources in China. |
China has set a strategy to economize energy use, increase energy efficiency, mainly depend on domestic supply and explore the overseas market. |
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. |
It also delivers substantial economic and environmental results, alleviating poverty. |
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 . |
It was a wasted trip. |
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. |
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. |
Renewable energy, including solar, wind power and hydropower, will contribute to better energy security in China, |
The current price is much higher than it should be, since there is not a real crude oil shortage in the world market. |
The outcome of evaluation on the oil and gas resources was better than former data. |
There are two sides to every coin. |
There has been a lot of communication, but there has been little actual progress. |