Jump to content

Global strategic petroleum reserves

From Wikipedia, the free encyclopedia

Global strategic petroleum reserves (GSPR) refer to crude oil inventories (or stockpiles) held by the government of a particular country, as well as private industry, to safeguard the economy and help maintain national security during an energy crisis. Strategic reserves are intended to be used to cover short-term supply disruptions.

In 2004, approximately 4.1 billion barrels (650,000,000 m3) of oil was held in strategic reserves by International Energy Agency member states, of which 1.4 billion is government-controlled and the remainder held by private industry.[1] In February 2022, this amounted to close to two years' worth of net oil imports held in IEA member states' strategic petroleum reserves.[2] The U.S. Strategic Petroleum Reserve has consistently held the largest strategic reserve.[1][3] Some non-IEA countries have started work on their own strategic petroleum reserves. China has the largest of these new reserves.[4] Global oil consumption is in the region of 0.1 billion barrels (16,000,000 m3) per day.[5] The 4.1 billion barrels reserve held in 2004 would be equivalent to 41 days of current production.

International Energy Agency reserves

[edit]

According to a March 2001 agreement, all of the then-30 members of the International Energy Agency must have a strategic petroleum reserve equal to 90 days of the previous year's net oil imports for their respective countries.[6][7] Only net-exporter members of the IEA are exempt from this requirement. The exempt countries are Canada, Estonia, Mexico, the Netherlands, Norway, and the United States.[2] However, the UK and Denmark later created their own strategic reserves in order to meet their legal obligations as European Union member states—this agreement was reviewed and ratified by Steven Brown in 2008 [citation needed].

Forward commercial storage agreements

[edit]

To allow oil-exporting countries increased flexibility in their production quotas, there has been a progressive movement towards forward commercial storage agreements. These agreements allow petroleum to be stored within an oil-importing country. However, the reserves are technically under the control of the oil-exporting country. Such agreements enable oil-importing countries to access these commercial reserves in a timely and cost effective way.

Emergency oil sharing agreements

[edit]

Several countries have agreements to share their stockpiles with other countries in the event of an emergency.

The Japan, New Zealand and South Korea agreement

[edit]

In 2007, Japan announced a plan to share its strategic reserves with other countries in the region. Negotiations are under way between Japan and New Zealand for an oil-sharing deal whereby Japan sells part of its strategic reserves to New Zealand in the event of an emergency. New Zealand would be required to pay the market price for the oil, plus negotiated option fees for the amount of oil previously held for them by Japan.[8]

South Korea and Japan have agreed to share their oil reserves in the event of an emergency.[9]

The United States and Israel agreement

[edit]

According to the 1975 Second Sinai withdrawal document signed by the United States and Israel, in an emergency the U.S. is obligated to make oil available for sale to Israel for a period of up to five years.[10]

The France, Germany, and Italy agreement

[edit]

France, Germany and Italy have an oil-sharing agreement in place that allows them to buy oil from each other in the event of an emergency.[8] In 1968, the six members of the European Economic Community – Belgium, France, Germany, Italy, Luxembourg and the Netherlands – agreed to maintain a minimum level of crude oil stocks and oil products corresponding to 65 days' worth of domestic consumption. In 1972, this obligation was raised to 90 days.[11]

Africa

[edit]

Kenya

[edit]

Kenya is setting up a Strategic Fuel Reserve, similar to that of cereals. The stocks would be procured by the National Oil Corporation of Kenya and stored by the Kenya Pipeline Company Limited.[12]

Malawi

[edit]

Malawi is considering creating a 22-day reserve of fuel, which is an expansion from the current five-day reserve. The government is planning to build storage facilities in the provinces of Chipoka and Mchinji as well as Kamuzu International Airport.[13]

South Africa

[edit]

South Africa has an SPR managed by PetroSA. The main facility is the Saldanha Bay oil storage facility, which is a major transit point for oil shipping.[14] Saldanha Bay's six in-ground concrete storage tanks give the facility a storage capacity of 45,000,000 barrels (7,200,000 m3).[15]

Asia

[edit]

China

[edit]
Main article: Strategic petroleum reserve (China)

In 2007, China announced the expansion of its crude reserves into a two-part system. China's reserves would consist of a government-controlled strategic reserve complemented by mandated commercial reserves.[16] The government-controlled reserves are being completed in three stages. Phase one consisted of a 101,900,000 barrels (16,200,000 m3) reserve, mostly completed by the end of 2008. The second phase of the government-controlled reserves with an additional 170,000,000 barrels (27,000,000 m3) was to be completed by 2011.[17] Recently, Zhang Guobao, head of the National Energy Administration, stated that there will be a third phase that will expand reserves by 204,000,000 barrels (32,400,000 m3) with the goal of increasing China's SPR to 90 days of supply by 2020.[18]

The planned state reserves of 475,900,000 barrels (75,660,000 m3) together with the planned enterprise reserves of 209,440,000 barrels (33,298,000 m3) will provide around 90 days of consumption or a total of 685,340,000 barrels (108,960,000 m3).[19]

India

[edit]
Main article: Strategic Petroleum Reserve (India)

In 2003, India started development on a strategic crude oil reserve[20] sized at 37,400,000 barrels (5,950,000 m3), enough to provide two weeks of consumption.[21] Petroleum stocks have been transferred from the Indian Oil Corporation (IndianOil) to the Oil Industry Development Board (OIDB).[22] The OIDB then created the Indian Strategic Petroleum Reserves Ltd (ISPRL) to serve as the controlling government agency for the strategic reserve.[23]

The facilities are located at:

On 21 December 2011, a senior oil ministry official announced that India was planning to augment its crude reserve capacity to 132 million barrels by 2020.[25]

Japan

[edit]
Japan Shibushi Oil Stockpile Site

As of 2010, Japan has an SPR composed of the following three types of stockpiles:[26][when?]

  • State-controlled reserves of petroleum at 11 different locations totaling 324,000,000 barrels (51,500,000 m3).
    • Tomakomai Eastern Oil Reserve Storage Base – 55 storage tanks, total capacity 34 million barrels (5,400,000 m3).
    • Mutsu-Ogawara Storage Base – 53 storage tanks, total capacity 31 million barrels (4,900,000 m3).
    • Kuji Storage Base – three storage tanks, total capacity 10.5 million barrels (1,670,000 m3).
    • Akita Storage Base – 15 storage tanks, total capacity 23.4 million barrels (3,720,000 m3).
    • Fukui Storage Base – 27 storage tanks, total capacity 17.9 million barrels (2,850,000 m3).
    • Kikuma Underground Petroleum Storage Facility – eight storage tanks, total capacity 8.9 million barrels (1,410,000 m3).
    • Shirashima Storage Facility – eight tankers (4,400,000 barrels (700,000 m3) each), total capacity 35.2 million barrels (5,600,000 m3).[27]
    • Kamigotou Storage Base – seven storage tanks, total capacity 21.45 million barrels (3,410,000 m3).
    • Kushikino Storage Base – three storage tanks, total capacity 10.5 million barrels (1,670,000 m3).
    • Shibushi Storage Base – 40 storage tanks, total capacity 27.6 million barrels (4,390,000 m3).
    • Kagoshima – 4.0 million barrels (640,000 m3). A forward commercial storage facility with Abu Dhabi.[28]
  • Private reserves of petroleum held in accordance with the Petroleum Stockpiling Law of 129,000,000 barrels (20,500,000 m3).[29]
  • Other private reserves of petroleum products for an additional 130,000,000 barrels (21,000,000 m3)

The state-controlled reserves and the privately held stockpiles total about 583,000,000 barrels (92,700,000 m3).[30][31] enough to provide 224 days of consumption.[32] The Japanese SPR is run by the Japan Oil, Gas and Metals National Corporation.[33]

Singapore

[edit]

Singapore has sophisticated oil refineries and storage terminals, and is one of the world's three major oil refining centers and exports refined oil to the world.[34] The country has a crude refining capacity of just under 1.4 million bbl/d, according to Oil & Gas Journal. This capacity is spread across three refineries and is significantly greater than the country's domestic petroleum products consumption. Refiners focus on export markets rather than domestic consumption. Storage capacity was around 55 million barrels as of year-end 2012. The country's largest oil storage facility is located on Jurong Island and can store about 17 million barrels. As of 2013, the Singapore government maintains strategic petroleum reserves of about 32 million barrels of crude oil and 65 million barrels of refined petroleum products.[35]

South Korea

[edit]

In South Korea, refineries, specified distributors, and importers, are obliged to hold from 40 to 60 days of their daily import, sale, or refined production, based on the previous 12 months. At the end of 2010, South Korea possessed a total storage capacity of 286 million barrels (45.5 million cubic meters), composed of 146 mb of South Korea National Oil Corporation's facilities used for government stocks and international joint oil stockpiling, and 140 mb used for industry operation and mandatory industry stocks.[36] South Korea's oil stocks in terms of days of net imports have consistently been above 160 days since January 2009, hitting the country's historical record of 240 days (124 days of government stocks and 117 days of industry stocks) in March 2014.[37]

Others

[edit]

The Philippines had plans for a National Petroleum Strategic Reserve by 2010 with an approximate size of 30,000,000 barrels (4,800,000 m3).[38]

Taiwan has an SPR with a 1999-reported size of 13,000,000 barrels (2,100,000 m3).[39] Taiwan's refiners (Kaohsiung 270,000 bbl/d (43,000 m3/d); Ta-Lin 300,000 bbl/d (48,000 m3/d); Tao-Yuan 200,000 bbl/d (32,000 m3/d); Mailiao 150,000 bbl/d) are also required to store at least 30 days of petroleum stocks.[40] As of 2005, these mandated commercial reserves total 27,600,000 barrels (4,390,000 m3) of strategic petroleum stocks.

Thailand increased the size of its SPR from 60 to 70 days of consumption in 2006.[41]

Pakistan has announced plans for a 20-day emergency reserve.[42]

Europe

[edit]

European Union

[edit]

In the European Union, according to Council Directive 68/414/EEC of 20 December 1968, all 27 member states are required to have a strategic petroleum reserve within the territory of the E.U. equal to at least 90 days of average domestic consumption.[43]

The Czech Republic has a four-tank SPR facility in Nelahozeves run by the company CR Mero.[44] The Czech SPR is equal to 100 days of consumption or 20,300,000 barrels (3,230,000 m3).[45]

Denmark has a reserve equal to 81 days of consumption (about 1.4 million tonnes).[46] Not counting reserves held by the military defence.

Finland has an SPR with an approximate size of 62,400,000 barrels (9,920,000 m3).[47]

France has an SPR with an approximate size of 65,000,000 barrels (10,300,000 m3).[48] As of 2000, jet fuel stocks for at least 55 days of consumption were required, with half of those stocks controlled by the Société Anonyme de Gestion des Stocks de Sécurité (SAGESS) and the other half controlled by producers.[49]

Germany created the Federal Oil Reserve in 1970, located in the Etzel salt caverns near Wilhelmshaven in northern Germany, with an initial size of 70 million barrels (11,000,000 m3).[50] The current German Federal Oil Reserve and the Erdölbevorratungsverband (EBV) (the German stockholding company) mandates that refiners must keep 90 days of stock on hand, giving Germany an approximate reserve size of 250,000,000 barrels (40,000,000 m3) as of 1997.[51] The German SPR is the largest in Europe.

Hungary has an SPR equal to approximately 90 days of consumption or 11,880,000 barrels (1,889,000 m3).[52]

Ireland has approximately 31 days of oil stocks in Ireland and another nine days of oil stocks held in other EU members states. Additionally, it has stock tickets (contracts with a third party whereby the government has the option of purchasing oil in the event of an emergency) and stocks held by large industry or large consumers. In total, Ireland has approximately 100 days' worth of oil at its disposal.[53][54]

The Netherlands maintains a stockpile equal to 90 days of net oil imports. In 2013, this was about four million tonnes of oil.[55]

Poland has an SPR equal to approximately 70 days of consumption.[56] Another facility holding 20 days of consumption was completed in 2008. Poland also requires oil companies to maintain reserves sufficient to provide 73 days of consumption.[57]

Portugal has an SPR with an approximate size of 22,440,000 barrels (3,568,000 m3).[58]

Slovakia has an SPR with an approximate size of 748,000 barrels (118,900 m3).[45]

Spain has an SPR with an approximate size of 144,000,000 barrels (22,900,000 m3).[59]

Sweden has an SPR with an approximate size of 13,290,000 barrels (2,113,000 m3).[60]

In 2008, the United Kingdom recently drew up plans to create its own strategic fuel reserves utilizing Steven Brown as an agreement agent.

Russia

[edit]

As of 2011, Russia is accumulating strategic reserves of refined oil products to be held by Rosneftegaz, a state-owned company. The reserves will be held at commercial refineries, Transneft facilities and state reserve facilities. The current planned size is 14,665,982 barrels (2,331,704.8 m3).[61]

Switzerland

[edit]

Switzerland has SPRs consisting of gas, diesel, jet fuel and heating oil for 4.5 months of consumption. The reserves were created in the 1940s.

Ukraine

[edit]

At the beginning of the Russian invasion of Ukraine, Russia destroyed major Ukrainian fuel depots,[62] leading to a critical fuel situation. Ukraine responded by purchasing 2,000 used fuel trucks from the EU and Turkey, along with 600 new ones.[63] These trucks act as a mobile fuel storage system. Unlike oil depots, refineries and stationary fuel terminals like railway stations, fuel trucks are more difficult to target.[63]

Middle East

[edit]

Iran

[edit]

In April 2006, the Fars News Agency reported that Iran was planning to create an SPR. The National Iranian Oil Company (NIOC) began construction of 15 crude oil storage tanks with a capacity of 10,000,000 barrels (1,600,000 m3).[64] In August 2008, Iran announced plans to expand the SPR with a new facility on Kharg Island with four tanks holding 1,000,000 barrels (160,000 m3) each. Iran's SPR facilities are:

  • Ahwaz – four storage tanks, total capacity 2 million barrels (320,000 m3).
  • Omidiyeh – three storage tanks, total capacity 3 million barrels (480,000 m3).
  • Goureh – six storage tanks, total capacity 4 million barrels (640,000 m3).
  • Sirri Island – one storage tank, total capacity 500,000 barrels (79,000 m3).
  • Bahregansar – one storage tank, total capacity 500,000 barrels (79,000 m3).
  • Kharg Island – four storage tanks, total capacity 4 million barrels (640,000 m3). (Planned facility, not operational yet.)

Kuwait

[edit]

Kuwait has a joint stockpile located in South Korea. The deal gives South Korea first rights to purchase the oil. As of 2006, the size of the stockpile is 2 million barrels (320,000 m3).[65]

Israel

[edit]

As of 1975, Israel is believed to have a strategic oil reserve equal to 270 days of consumption.[citation needed]

Jordan

[edit]

Jordan has strategic oil reserves equal to 60 days of consumption or 6,240,000 barrels (992,000 m3).[66]

North America

[edit]

United States

[edit]
Main article: Strategic Petroleum Reserve (United States)
Strategic Petroleum Reserves, United States, 2018.
Weekly data points since 1982
  Barrels of oil

The United States has the world's largest reported strategic petroleum reserve,[3] with a total capacity of 727 million barrels. If completely filled, the U.S. SPR could theoretically replace about 60 days of oil imports. The United States is estimated to import approximately 12,000,000 barrels per day (1,900,000 m3/d) of crude oil.[67] According to the U.S. Department of Energy, the facilities' maximum flow rate is limited to approximately 4,400,000 barrels per day (700,000 m3/d) when filled to maximum capacity, declining as the reserve is emptied.[68] The reserves are kept in salt caverns located at different locations.

The United States also has the 2-million-barrels (320,000 m3) Northeast Home Heating Oil Reserve to supply northeast home owners with heating oil if there is a shortage.

Oceania

[edit]

Australia

[edit]

As of 2008, Australia holds three weeks of petroleum, instead of the allotted 90 days that was agreed upon, according to the study 'Liquid Fuel Security' authored by Air Vice-Marshal John Blackburn, AO (retired).

New Zealand

[edit]

As of 2008, New Zealand has a strategic reserve with a size of 170,000 tons or 1,200,000 barrels (190,000 m3). Much of this reserve is based upon ticketed option contracts with Australia, Japan, the United Kingdom and the Netherlands, which allow for guaranteed purchases of petroleum in the event of an emergency.[69]

See also

[edit]

References

[edit]
  1. ^ a b International Energy Agency (1 January 2004). "Fact Sheet on IEA Oil Stocks and Emergency Response Potential" (PDF). IEA. Archived from the original (PDF) on 25 March 2009. Retrieved 27 June 2006.
  2. ^ a b International Energy Agency (12 May 2022). "Oil Stocks of IEA Countries". IEA. Archived from the original on 16 May 2022. Retrieved 16 May 2022.
  3. ^ a b International Energy Agency (July 2020). "Oil Security Toolkit". IEA. Archived from the original on 6 February 2021. Retrieved 16 May 2020.
  4. ^ "Oil Bulls Beware Because China's Almost Done Amassing Crude". Bloomberg News. 30 June 2016. Archived from the original on 31 March 2022. Retrieved 31 March 2022.
  5. ^ "Short-Term Energy Outlook". U. S. Energy Information Administration (EIA). 9 February 2016. Archived from the original on 27 February 2016. Retrieved 24 February 2016.
  6. ^ "Archived copy" (PDF). Archived from the original (PDF) on 5 November 2016. Retrieved 29 December 2015.{{cite web}}: CS1 maint: archived copy as title (link)
  7. ^ Reauthorization of the Energy Policy & Conservation Act
  8. ^ a b RIGZONE – Article Not Found Archived 4 March 2016 at the Wayback Machine
  9. ^ South Korea, Japan agree to share oil reserves - International Herald Tribune Archived 12 February 2009 at the Wayback Machine
  10. ^ The Iranian Oil Crisis Archived 26 January 2010 at the Wayback Machine
  11. ^ "Archived copy" (PDF). www.l20.org. Archived from the original (PDF) on 25 October 2014. Retrieved 13 January 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  12. ^ "AllAfrica.com: Kenya: Strategic Fuel Reserve Planned". Archived from the original on 5 October 2012. Retrieved 25 August 2008.
  13. ^ Nyasa Times - Malawi breaking news, sports, showbiz, jobs, business and social networking - Malawi to increase fuel storage Archived 11 February 2009 at the Wayback Machine
  14. ^ South Africa's energy industry - SouthAfrica.info Archived 28 November 2006 at the Library of Congress Web Archives
  15. ^ "Archived copy". Archived from the original on 4 March 2016. Retrieved 24 July 2007.{{cite web}}: CS1 maint: archived copy as title (link)
  16. ^ "中国新闻网(Wap版)". Archived from the original on 12 May 2012. Retrieved 12 November 2007./news/2007-07-19/37721.html
  17. ^ "Gulfnews: China plans to exploit weak energy markets". Archived from the original on 27 February 2009. Retrieved 8 January 2009.
  18. ^ "China's Energy Security: Strategic Petroleum Reserves - the China Sourcing Blog". Archived from the original on 19 April 2016. Retrieved 14 November 2009.
  19. ^ "Consumption > Oil statistics - Countries Compared - NationMaster". Archived from the original on 9 February 2014. Retrieved 8 January 2009.
  20. ^ a b "Upcoming infra projects may provide a breather to new govt". 15 May 2014. Archived from the original on 6 July 2015. Retrieved 9 November 2014.
  21. ^ Alexander's Gas & Oil Connections - India to build up storage of crude oil Archived 18 April 2009 at the Wayback Machine
  22. ^ The Hindu Business Line : Strategic oil reserves to come directly under Govt Archived 12 February 2009 at the Wayback Machine
  23. ^ "News By Industry". The Times of India. 20 June 2007. Archived from the original on 11 January 2009. Retrieved 25 June 2007.
  24. ^ "State to have rare strategic oil reserves - Deccan Herald - Internet Edition". Archived from the original on 18 February 2007. Retrieved 10 March 2007.
  25. ^ "India Unveils Ambitious New Strategic Oil Stockpile Plans". The Wall Street Journal. 21 December 2011. Archived from the original on 1 July 2023. Retrieved 7 March 2017.
  26. ^ [1][permanent dead link‍]: 177 [dead link‍]
  27. ^ "International Minerals Statistics and Information" (PDF). Archived (PDF) from the original on 3 March 2016. Retrieved 13 March 2007.
  28. ^ "Archived copy". Archived from the original on 4 March 2016. Retrieved 1 March 2010.{{cite web}}: CS1 maint: archived copy as title (link)
  29. ^ The Oil Situation after the Attack on Iraq Archived 22 February 2007 at the Wayback Machine
  30. ^ "Energy Security in East Asia". Institute for the Analysis of Global Security. 13 August 2004. Archived from the original on 6 July 2006. Retrieved 27 June 2006.
  31. ^ "Energy Security Initiative" (PDF). Asia Pacific Energy Research Center. 1 January 2002. Archived from the original (PDF) on 20 June 2006.
  32. ^ "集計結果又は推計結果（石油備蓄の現況）｜資源エネルギー庁". www.enecho.meti.go.jp. Archived from the original on 17 November 2021. Retrieved 25 November 2021.
  33. ^ "Japan Oil, Gas and Metals National Corporation (JOGMEC)". Archived from the original on 2 October 2016. Retrieved 10 December 2012.
  34. ^ Guo, Xiaodong; Hao, Chen; Niu, Shuwen (2020). "Analysis of Oil Import Risk and Strategic Petroleum Reserve: The Case of China". Sustainability. 12 (9): 3723. doi:10.3390/su12093723.
  35. ^ "Singapore - Overview". hsdl.org | Homeland Security Digital Library. Archived from the original on 12 March 2022. Retrieved 26 March 2022.
  36. ^ "Oil and Gas Emergency Policy - Korea 2011 update" (PDF). iea.org. 21 December 2011. Archived (PDF) from the original on 16 June 2013. Retrieved 1 April 2014.
  37. ^ "Closing Oil Stock Levels in Days of Net Imports". iea.org. 14 March 2014. Archived from the original on 9 March 2014. Retrieved 1 April 2014.
  38. ^ Energy conservation takes center stage in the Philippines | EnergyBulletin.net | Peak Oil News Clearinghouse Archived 3 June 2008 at the Wayback Machine
  39. ^ International Energy Agency (19 September 2003). "Improving Energy Security Through an International Cooperative Approach to Strategic Oil Stocks" (PDF). IEA. Archived from the original (PDF) on 30 September 2007. Retrieved 27 June 2006.
  40. ^ "Untitled Document". Archived from the original on 15 December 2006. Retrieved 25 December 2010.
  41. ^ The Brunei Times Archived 28 September 2007 at the Wayback Machine
  42. ^ "DAWN.COM | Front Page | Plan for 20-day oil stocks to avert shortage". Archived from the original on 13 October 2010. Retrieved 13 October 2010.
  43. ^ "Council Directive 68/414/EEC of 20 December 1968 imposing an obligation on Member States of the EEC to maintain minimum stocks of crude oil and/or petroleum products". European Union. 20 December 1968. Archived from the original on 26 August 2006.
  44. ^ North Central Europe Archived 7 January 2009 at the Wayback Machine
  45. ^ a b "European Leaders Fire Up Over Russian Oil Cut". Global Insight. 10 January 2007. Archived from the original on 27 September 2007. Retrieved 10 January 2007.
  46. ^ Danish Agency for Energy Archived 19 February 2012 at the Wayback Machine
  47. ^ People's Daily Online - Finland decides to tap strategic oil reserves in Katrina aftermath Archived 5 June 2011 at the Wayback Machine
  48. ^ Embassy of France in the US - katrina - Strategic oil reserves < Archived 29 September 2007 at the Wayback Machine
  49. ^ International Energy Agency. "Oil Supply Security: The Emergency Response Potential of IEA Countries in 2000" (PDF). Archived from the original (PDF) on 14 February 2005. Retrieved 13 March 2007. French stockholding legislation requires that jet fuel stocks cover at least 55 days of consumption
  50. ^ "Archived copy" (PDF). Archived (PDF) from the original on 29 June 2016. Retrieved 9 March 2007.{{cite web}}: CS1 maint: archived copy as title (link)
  51. ^ GERMANY – Online Research Center Archived 29 September 2007 at the Wayback Machine
  52. ^ Hungarian govt releases strategic oil reserves after Russian supply cut-off Archived 27 September 2007 at the Wayback Machine
  53. ^ "Ireland's Current Stock Levels - Department of Communications, Energy and Natural Resources". Archived from the original on 20 November 2008. Retrieved 7 September 2008.
  54. ^ "NORA, Oil Reserves Agency Ireland - National Oil Reserves Agency". www.nora.ie. Archived from the original on 22 February 2007. Retrieved 13 January 2022.
  55. ^ "Oil | Energy policy | Government.nl". Archived from the original on 21 August 2015. Retrieved 26 December 2014.
  56. ^ https://news.yahoo.com/s/ap/20070108/ap_on_bi_ge/belarus_russia_oil_5[permanent dead link‍]
  57. ^ "Poland mulls oil reserve changes for refiners". Reuters. 3 September 2008. Archived from the original on 1 July 2023. Retrieved 1 July 2017.
  58. ^ "Portugal to tap oil reserves to help hurricane-ravaged US". AFP. 1 September 2005. Archived from the original on 7 January 2008.
  59. ^ Staff Writer. "El Consejo de Ministros aprueba el envío del 2% de las reservas de crudo para ayudar a EEUU Archived 23 March 2016 at the Wayback Machine." El Mundo. 9 September 2005. Retrieved on 10 June 2006. Article in Spanish.
  60. ^ People's Daily Online - Swedish government releases gasoline reserves Archived 5 June 2011 at the Wayback Machine
  61. ^ "UPDATE 2-Russia to build state fuel stocks to ease shortages". Reuters. 13 July 2011. Archived from the original on 9 September 2012. Retrieved 1 July 2017.
  62. ^ "Russia says it has destroyed 70,000-tonne fuel depot near Zaporizhzhia".
  63. ^ a b "Ukraine Bought 'All The Gas Trucks Available In Europe' To Keep Fueled (Updated)". 15 February 2023.
  64. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2 October 2008. Retrieved 16 December 2008.{{cite web}}: CS1 maint: archived copy as title (link)
  65. ^ "Joint Stockpiling with Kuwait". Korea National Oil Corporation. Archived from the original on 7 April 2012. Retrieved 2 November 2015.
  66. ^ "Archived copy". Archived from the original on 3 March 2016. Retrieved 13 July 2007.{{cite web}}: CS1 maint: archived copy as title (link)
  67. ^ See Strategic Petroleum Reserve (United States)
  68. ^ "DOE - Fossil Energy: Quick Facts about the Strategic Petroleum Reserve". Archived from the original on 28 April 2013. Retrieved 17 May 2009.
  69. ^ "Nippon Oil sells emergency oil reserves option to NZ". Reuters. 27 December 2007. Archived from the original on 7 January 2008. Retrieved 28 December 2007.
[edit]

For more on APEC strategic reserves:

For more info on the IEA reserves:

Retrieved from "https://en.wikipedia.org/w/index.php?title=Global_strategic_petroleum_reserves&oldid=1258045535"