Information has been obtained from the oil importers on the level of operational stocks (i.e. exclusive of stocks maintained for the power companies) which it is their policy to hold in respect of these two products.
Name of
oil company
Level of working stocks (number of days offtake)
Gas õil
Fuel oil
Esso
16 days
21 days
Shell
Minimum
18 days
10 days
Maximum
52 days
28 days
Mobil
45 days
30 days
Gulf c/o
35 days
35 days
H. K. Oil
Caltex
Minimum
28 days
14 days
Maximum 144 days
30 days
Peninsula
38 days
18 days
(*
The China Resources Company have not been included in this table because, according to the Company, they do not have any policy specifying the minimum level of working stocks that should be held and are not able to give any statistics in this respect. China Resources' existing tankage with storage capacity for 250 days of fuel oil and 100 days of gas oil should enable the Company to meet reasonable reserve require- ments with little or no difficulty.)
(c) Naphtha
30
The Hong Kong and China Gas Company is the only consumer of naphtha in Hong Kong. The safety of its distribution system demands a c constant supply, and for this reason the Shell Company has a contract with the gas company to hold a 30-day reserve of naphtha on its behalf,
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