(EnergyAsia, June 24 2011, Friday) — State-owned China Petrochemical Corp or Sinopec has committed to investing 3.5 billion yuan to build a new strategic crude oil stockpile in Tianjin city in northeastern China. The terminal will have an initial storage capacity of 32 billion cubic meters. (US$1=6.5 yuan).Sinopec will build and operate the stockpile on…

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