London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950

Our Clients

Order Informer

Home > News >

Sinopec commissions more oil storage in Jiangsu

September 04/2019

(MOSCOW (MRC) -- China Petrochemical Corp, known as Sinopec, said on Friday it had commissioned additional crude oil storage totalling 375,000 cubic metres, or about 2.36 million barrels, in eastern Chinas Jiangsu province, reported Reuters.

Asias biggest refiner put three commercial crude storage tanks in the city of Yizheng, each with a capacity of 125,000 cubic metres, into operation on Aug. 28, according to a statement on its website.

Sinopec said the Yizheng commercial storage base, which serves refineries along the Yangtze river and in the Nanjing area, is now fully utilising its total 975,000 cubic meters of storage.

The base previously had six tanks each of 100,000 cubic metres capacity.

As MRC informed before, in September 2018, Sinopec Corp joined a group planning to build an oil refinery in Alberta, an enterprise that would strengthen demand for the Canadian province's heavily discounted crude.

Sinopec Corp. is one of the largest scale integrated energy and chemical company with upstream, midstream and downstream operations. Its principal business includes: exploring, developing, producing and trading crude oil and natural gas; producing, storing, transporting and distributing and marketing petroleum products, petrochemical products, synthetic fiber, fertilizer and other chemical products. Its refining capacity and ethylene capacity rank No.2 and No.4 globally. Sinopec listed in Hong Kong, New York, London and Shanghai in August 2001. Sinopec Group, the parent company of Sinopec Corp., is ranked the 5th in Fortune Global 500 in 2012.
Author:Margaret Volkova
Tags:crude and gaz condensate, Sinopec, Canada, China.
Category:General News
| More

Leave a comment

MRC help


 All News   News subscribe