It would be a great financial risk for China to buy oil at the international market for its strategic reserve program as the current global oil price has been fluctuating at a high level.

Currently the international oil prices are at high levels. Against this backdrop, we would face big risks if we buy oil from the international market.

As long as an all-out effort is made in exploration, it is possible to find new oil and gas resources in China.

Any slightest fluctuation could drive speculations on the oil price.

The outcome of evaluation on the oil and gas resources was better than former data.

All members of the international community should make due efforts in accordance with that. China will make its own utmost effort to help promote the inspection process in accordance with the U.N. Security Resolution 1441.