Senior energy officials of the Association of Southeast Asian Nations (ASEAN) plus China, Japan and South Korea are due to meet in Myanmar's second largest city of Mandalay later on July 28 to consult on energy cooperation.
The discussions of the Senior Officials Meeting on Energy (SOME)+3 on oil reserve issue will be forwarded to the 6th ASEAN+3 Ministers on Energy Meeting (AMEM) to be followed the next day.
ASEAN countries' plans on oil reserve will be drafted at the SOME and are expected to be released at the 6th AMEM.
ASEAN has consented work on plans for building oil reserve system in each country to cope with increasing demand for oil in the Asian region and rising prices of oil in the future.
A working-level talks of ASEAN will also take place with the three East Asian countries to work out their respective countries' plan to build up oil reserves.
