Development of Chinese Strategic Petroleum Reserves Base on Comparable Research about Japanese Situation and Policies

Abstract Petroleum is one of the most important energy which can’t be regenerated. During the increasing development of world economy, petroleum has become significant energy to keep a county's economy survival. Japan which has almost no petroleum capacity had started strategic petroleum reserve since last century. Abundant reserve helped Japan conquering twice petroleum crises. As the biggest and fastest developing country, China has the main purpose to protect economy rise consecutively. Petroleum reserve also is emphasized more by Chinese government in present time. According to research base on Japanese and Chinese petroleum situation, legislation, policies, and response measures, the article put forward three stage reserve system of China, and discussed some relative issues about development of Chinese strategic petroleum reserve.