China's SPR Holds 1.3 Billion Barrels, PLA Consumes 500,000 Barrels Daily
An analysis indicates China's Strategic Petroleum Reserve (SPR) holds 1.3 billion barrels, with a potential for more. The People's Liberation Army (PLA) is estimated to consume approximately 500,000 barrels of oil per day.
Topics
Developing
- 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
Bloomberg Radio
“1.3 billion barrels in their SPR. They probably have something more like two. And then they can make the civilian economy ration. The PLA would use something like 500,000 barrels a day.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade