Sinopec starts up Tianjin commercial crude reserve
9/14/2017 7:03:02 AM
Photo courtesy of Sinopec.
(Reuters) — 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 cm, totaling about 7.56 MMbbl.
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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