CUREJ - College Undergraduate Research Electronic Journal

The People's Republic of China's Development of Strategic Petroleum Stockpiles

Daniel Nieh

Division: Social Sciences

Document Type: Undergraduate Student Research

Mentor(s): Ayako Kano

Date of this Version: 01 May 2006

This document has been peer reviewed.

 

Abstract

The People’s Republic of China’s (PRC) skyrocketing demand for oil has become a global issue of marked significance in the fields of international relations and energy economics. One topic receiving attention from experts and policymakers in both disciplines is China’s ongoing development of strategic petroleum stockpiles. That China should and will stockpile oil is certain, but what sort of system China should employ remains unclear. To provide insight into the questions and challenges that face the PRC’s efforts to develop strategic petroleum reserves, this paper will summarize the present status of China’s stockpiling plans, describe the existing stockpiling models employed by Japan, Korea and the United States, and examine the motivations underlying various stockpiling strategies. Finally, I will propose a model based on this paper’s analysis for the affordable and effective completion of China’s strategic oil reserve.

Suggested Citation

Nieh, Daniel, "The People's Republic of China's Development of Strategic Petroleum Stockpiles" 01 May 2006. CUREJ: College Undergraduate Research Electronic Journal, University of Pennsylvania, https://repository.upenn.edu/curej/26.

Date Posted: 29 June 2006

This document has been peer reviewed.

 

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