China's current production, consumption, stockpile as well as import and export of oil products are well-balanced in general, with sufficient supply guaranteed, Li Yang, an official with the National Development and Reform Commission told Xinhua in an interview.

 

Li ruled out the possibility of oil products crisis in the country, saying recent insufficient supply in some parts of southern China resulted from natural disasters and international oil price hike.

 

"The government has taken urgent measures, and the insufficient supply in southern Guangdong Province will soon be alleviated," Li said.

 

Since Aug. 16, the China Petrochemical Corporation (Sinopec) and the China National Petroleum Corporation (CNPC), China's two oil giants, delivered 80,000 to 90,000 tons of oil products daily to Guangdong, which exceeded the regular consumption amount in the province.

 

Since the beginning of this year China's oil products market has been stable in general, said Li, and the demand for oil products can be met.

 

(Xinhua News Agency August 21, 2005)