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Home Terminal News

PetroChina to construct 1 million cbm crude storage tank depot

August 23, 2007
in Terminal News
1 min read
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PetroChina, a petroleum company based in Beijing, intends to build commercial crude storage tanks with a combined capacity of 1 million cubic metres at the Shanshan Chemical Zone, in northwest China's Xinjiang Uygur Autonomous region.

It is the first phase of a larger project to construct an 8.1 million-cubic metre crude oil reserve depot, with a total investment cost of €629 million.

Construction for the first phase of the project is expected to start in August with crude to be stored in 2008. PetroChina will invest 879 million yuan (€86 million) in the initial phase of the project.

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Tank Storage Magazine is published by Easyfairs UK Ltd.

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Published 7 times a year, the publication is read by CEOs, terminal managers, business development managers and senior engineers within the oil, gas and petrochemical market.

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