Monday, August 31, 2009
Monday, June 29, 2009
China to Increase Oil Reserves
China plans to increase strategic crude oil reserves by 160 percent to 270 million barrels during the next five years, Nikkei English News said, citing an unidentified official from China’s National Energy Administration.
China will spend 30 billion yuan ($4.39 billion) for stockpiling facilities with a capacity to hold 169 million barrels, the report said.
China Petrochemical Corp., China National Petroleum Corp. and other companies will construct and use the storage sites, the Nikkei said.
http://www.bloomberg.com/apps/news?pid=20601101&sid=aqC60PRYO.Bw
China will spend 30 billion yuan ($4.39 billion) for stockpiling facilities with a capacity to hold 169 million barrels, the report said.
China Petrochemical Corp., China National Petroleum Corp. and other companies will construct and use the storage sites, the Nikkei said.
http://www.bloomberg.com/apps/news?pid=20601101&sid=aqC60PRYO.Bw
Thursday, June 18, 2009
Germans taste machines with Midas touch
Long attracted to the safety of solid gold, Germans will soon be able to sate their appetite for the yellow metal as easily as buying a chocolate bar after plans were announced on Tuesday to install gold vending machines in airports and railway stations across the country.
Continued @
http://www.ft.com/cms/s/0/51f1e17a-5ab7-11de-8c14-00144feabdc0.html
Continued @
http://www.ft.com/cms/s/0/51f1e17a-5ab7-11de-8c14-00144feabdc0.html
Wednesday, June 17, 2009
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