(EnergyAsia, May 28, Wednesday) —State-owned China National Petroleum Corporation (CNPC) has started up a 600,000 cubic metre crude oil storage terminal in Jinzhou port in Liaoning province.
The RMB680 million terminal in northeastern China consists of six tanks each of 100,000 cubic metres capacity. (US$1=RMB6.9).
Jinzhou is an important hub for the shipment of oil products, ore and coal.
CNPC is also building a 8.1-million cubic metre crude oil reserve base in Shanshan county in the Xinjiang Uygur autonomous region, and planning to invest in a 20,000-cubic metre oil storage tank in Changde city, Hunan province.