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Home >> Business
UPDATED: 17:07, May 11, 2007
China's first batch of oil reserve bases completed
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The first-phase Zhoushan oil reserve base of six floating roof tanks covering 100,000 square meters, one of China's first batch of strategic oil reserve bases, are currently cross-connecting, according to the China National Petroleum Corporation (CNPC). It signifies this project is complete and the base is preliminarily qualified to reserve oil, CNPC said,

Besides the Zhoushan base, the fist phase project of the Huangdao base in east China's Shandong province, which also belongs to the first group of strategic oil reserve base projects, had completed in April. The first-phase Huangdao base project has 32 oil storage tanks, and the reserved oil is adequate to cope with about three days of oil consumption for all over the country.

As of 2003, China began building the fist group of oil reserve bases in four coastal areas including Zhenhai and Zhoushan cities in east China's Zhejiang province, Huangdao city in Shandong province, also in east China, and in the coastal city of Dalian in northeast China, with a combined reserve capability of 14 million tons. Recently, Zhenhai, Zhoushan and Huangdao, the three trunk bases, have been completed in the main.

By People's Daily Online


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