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Ma Kai (L), minister in charge of the National Development and Reform Commission, adresses the media during a press conference on the Fourth Session of the Tenth National People's Congress (NPC) in Beijing on March 6, 2006. [Xinhua Photo]
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Ma Kai (L), minister in charge of the National Development and Reform Commission, adresses the media during a press conference on the Fourth Session of the Tenth National People's Congress (NPC) in Beijing on March 6, 2006. [Xinhua Photo]
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Ma Kai (L), minister in charge of the National Development and Reform Commission, adresses the media during a press conference on the Fourth Session of the Tenth National People's Congress (NPC) in Beijing on March 6, 2006. [Xinhua Photo]
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A journalist raises questions during a press conference on the Fourth Session of the Tenth National People's Congress (NPC) in Beijing on March 6, 2006. Ma Kai and Zhu Zhixin, minister and vice-minister in charge of the National Development and Reform Commission, adressed the media during the conference on Monday. [Xinhua Photo]
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A journalist raises his hand for a chance to ask questions during a press conference held by the Fourth Session of the Tenth National People's Congress (NPC) in Beijing, capital of China, March 6, 2006. [Xinhua Photo]
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1st national oil reserve facilities to operate at year end
China will put into operation its first national oil reserve facilities under construction in Zhenhai of eastern Zhejiang Province at the end of this year, while speeding up construction of three others, top economic official Ma Kai said Monday.
"The Zhenhai facilities are expected to be put to use by the end of this year and the three others would be operating in 2007 or 2008," Ma, minister in charge of the National Development and Reform Commission, said at a press conference.
These projects are aimed at avoiding interruption of oil supply and adjusting oil prices at time of scarcity, he said. |
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