Shandong Province To Expand its Crude Storage Capacity by 64.54 M Barrels!

Shandong province is known as the Texas of China’s oil refining sector for decades.
It is set to expand its crude storage capacity by 10.26 million cubic meters, or 64.54 million barrels.
This will be implemented at the end of this year, for storing cheap crudes.
Two new storage tanks that have started Sinopec’s 1.6 million cu m tanks at Dongjiakou port in March and Baogang International’s 1.16 million cu m tanks at Dongying port in April.
The rest 7.5 million cu m, targeted to be online as...