Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
PetroChina to build more oil depots
+ -
16:29, August 31, 2009

 Related News
 PetroChina H1 profit falls 7.2%
 Oil firms to see robust earnings
 Oil firm refining net up
 Oil firm looks to Ecuador
 PetroChina gets approval for stake purchase in Nippon Oil Plant
 Comment  Tell A Friend
 Print Format  Save Article
Oil giant PetroChina plans to build 66 refined oil reserve depots this year. The move is part of its efforts to meet the overwhelming oil demand of the Chinese domestic market.

The company will also accelerate the construction of its shipping facilities, and step up its reserve capacity by 430 thousand cubic meters. Currently, depots are being built in cities like Zhuhai, Ningbo, and Dalian, and 10 depots have been put into operation.

The company says the new depots will help it better balance supply and demand, and keep the market supply and price stable. Currently, the country's oil reserve capacity is around 30 days, far below international standards.

Source: CCTV.com

  Your Message:   Most Commented:
Being African among the curious Chinese
Australia's permission for Rebiya's visit chills bilateral ties
Three Beijingers jailed in US. Spies again?
Why India is pursuing military strength?
What is beyond the physical Line?

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved