Wednesday, March 21, 2018

Sinopec's Tianjin Crude Reserve is in Service

Posted by September 14, 2017

File Image (CREDIT: AdobeStock / (c) mikesjc)

A new commercial crude oil reserve base built by China's Sinopec Corp in northern Chinese port of Tianjin received its first oil shipment on Wednesday, the state refiner said.
**The new site consists of 12 tanks each sized 100,000 cubic metres, totalling about 7.56 million barrels.
**This is the fourth commercial crude storage site Sinopec has started since 2012 in the Beijing-Tianjin-Hebei cluster region. The first three sites are in Caofeidian and Tianjin.

Reporting by Chen Aizhu 

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