(EnergyAsia, October 22, Monday) — PetroChina is planning to invest RMB6.5 billion to build a commercial crude oil reserve facility in Xingjiang province. (US$1=RMB7.50). The facility would store up to eight million tonnes of crudeChina has launched an aggressive campaign to build up its strategic oil reserves in anticipation of supply disruptions. To date, all…
CHINA: Xinjiang eyed for big oil storage project
Posted on October 21, 2007 by EnergyAsia