BEIJING Nov 17 China's coastal city of Tianjin
plans to build a massive oil storage base with a capacity of 20
million tonnes by 2023, its regional economic planner said on
The plan was part of a broader long-term industrial
development blueprint launched by the Tianjin Municipal
Commission of Development and Reform.
The oil base will be used for storage of both crude oil and
refined oil products, and both for state strategic reserves as
well as commercial reserves, according to a statement posted on
the commission's website www.tjdpc.gov.cn.
State media reported in February that the northern city had
begun construction of an oil base including state strategic oil
reserves storage tanks with capacity of up to 5 million cubic
metres as well as tank farms of a similar size for commercial
When completed, Tianjin's oil base will be one of the biggest
China's first strategic oil base in Zhenhai in Zhejiang
province can hold 5.2 million cubic metres, or 33 million barrels
of oil, and its first four strategic oil bases, making up the
first phase of state stockpiling, have a total capacity of 16.2
million cubic metres.
Beijing has completed plans for the second phase of state
storage facilities that could hold up to 26.8 million cubic
metres of oil, or 170 million barrels, but has not disclosed
where the facilities are or whether construction has begun.
China hopes to complete its second phase of strategic oil
storage tanks by 2011, a senior energy official said in
(Reporting by Eadie Chen and Chen Aizhu, editing by Jacqueline
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