CNPC, China’s largest oil company, has begun building an oil depot to store Orimulsion crude in Zhanjiang city in Guangdong province. The RMB 60million depot includes 12 tanks with a total capacity of 80,000 cubic metres, according to an Interfax news agency report. (US$1=RMB8.27). CNPC’s subsidiary, Shenzhen-based Dapeng Petroleum Sales Company, is building the depot…

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