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Mystery of oil held on Chinese islands puzzles crude markets

China plans reserves equivalent to 100 days of imports, but it has provided only sporadic scraps of details on its strategic stocks
Thursday, September 1, 2016 - 05:50

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China has got the world puzzling over its oil hoard.

Beijing

CHINA has got the world puzzling over its oil hoard. From underground caverns by the Yellow Sea to a scattering of islands in the Yangtze River delta, the government has been stockpiling crude for emergencies in a network of storage sites dotted around the country.

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