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BRIEF-Sinopec starts operating Zhanjiang commercial oil tanks
July 12, 2017 / 1:24 AM / 5 months ago

BRIEF-Sinopec starts operating Zhanjiang commercial oil tanks

BEIJING, July 12 (Reuters) - Sinopec Corp started operating its new commercial crude oil tank farm in the southern Chinese city of Zhanjiang on Tuesday, the state refiner said on its website on Wednesday.

* The tank farm, started in 2014, consists of twelve tanks of 100,000 cubic metres each and three tanks of 50,000 cubic metres in Zhanjiang city in Guangdong province, Sinopec said.

* The new commercial tanks will play a significant role in securing crude oil supplies to refineries in southern China, the refiner said.

* Sinopec currently operates the Dongxing refinery of 100,000 barrels per day (bpd) in Zhanjiang and a 360,000 bpd refinery in nearby Maoming city. Both plants will be connected with the new commercial storage by pipelines, sources with knowledge of the commercial storage site said. (Reporting by Hallie Gu and Beijing Monitoring Desk)

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