Tag: Straits of Malacca
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China Races to Stockpile Cheap Oil, Expanding Strategic Reserves Amid Global Tensions
China is in the midst of a massive oil stockpiling campaign that will add at least 169 million barrels of crude to its strategic reserves over the next year. So far, 37 million barrels of storage capacity have been built at 11 ...
New Transport Corridor Gives China Direct Access to the Indian Ocean for the First Time
A new overland transport corridor has made history by linking China directly to the Indian Ocean for the first time. Built jointly by Chinese provinces and Singapore, the transport corridor links the Chinese manufacturing hub of Chongqing with Vientiane, ...