reserve (SPR) base in its far western Xinjiang Uygur Autonomous Region. The 6.5-billion-yuan terminal in Shanshan county will store emergency oil supplies from Xinjiang and neighbouring oil producing country Kazakhstan. (US$1=7.05 yuan). China now has two operating SPR bases in Zhejiang province and is building another two facilities in Shandong province and Liaoning provinces. China…
CHINA: Work starts on Xinjiang oil storage terminal
Posted on March 25, 2008 by EnergyAsia