Currently the international oil prices are at high levels. Against this backdrop, we would face big risks if we buy oil from the international market.

It would be a great financial risk for China to buy oil at the international market for its strategic reserve program as the current global oil price has been fluctuating at a high level.

As long as an all-out effort is made in exploration, it is possible to find new oil and gas resources in China.

Any slightest fluctuation could drive speculations on the oil price.

The outcome of evaluation on the oil and gas resources was better than former data.

International oil prices have shifted to a higher level permanently.