strategic petroleum reserves (SPRs) in the city ports of Dalian, Qingdao, Ningbo and Zhoushan by year-end. With a total storage capacity of 16.4 million cubic metres, the SPRs will help China deal with volatile oil prices and stock up to deal with times of tight supplies. By 2010, the tanks are expected to hold oil…
CHINA: Four oil storage terminals to be completed this year
Posted on September 22, 2008 by EnergyAsia