(EnergyAsia, October 2) — China’s first strategic petroleum reserve facility, the Zhenahi reserve in Zhejiang Province, could be opened up for business this month. The RMB3.7 billion facility has 52 tanks with the capacity to store 5.2 million cubic metres of oil products. Located close to China’s largest refinery, Sinopec Zhenhai Refining and Chemical,…
