Strategic petroleum reserve (China)
The Strategic Petroleum Reserve (SPR; ) is an emergency fuel store of oil maintained by the People's Republic of China National Development and Reform Commission. China does not officially report its volume, but the SPR was estimated to hold approximately 400 million barrels in total, out of a capacity of around 500 million barrels. Background. In 2007 China announced an expansion of their crude reserves into a two part system. Chinese reserves would consist of a government-controlled strategic reserve complemented by mandated commercial reserves. The government-controlled reserves was completed in three phases. Phase one  consisted of a 101.9 million barrel reserve, mostly completed by the end of 2008. The second phase of the government-controlled reserves with an additional 170 million barrels for completion by 2011. Recently, Zhang Guobao the head of the National Energy Administration also stated that there will be a third phase that will expand reserves by 204 million barrels with the goal in 2009 of increasing China's SPR to 90 days of supply by 2020. Reserve structure. Government reserves in 2009. The government and enterprise reserves are managed by the National Development and Reform Commission(NDRC). Current plans call for  government reserves of 475.9 million barrels (101.9 million barrels completed, 374 million barrels planned). Enterprise reserves in 2008. Currently the enterprise reserves compose a smaller portion of the overall SPR with a 209.44 million barrel strategic reserve planned (35.33 million barrels completed, 51.5 million barrels under construction). The planned state reserves of 475.9 million barrels plus the planned enterprise reserves of 209.44 million barrels will provide around 90 days of consumption or a total of 685.34 million barrels. Other SPRs in 2003. The U.S. Strategic Petroleum Reserve is the largest emergency supply in the world with the current capacity to  hold up to . The second largest emergency supply of oil is Japan's with a 2003 reported capacity of.