Chinas crude reserve construction plan is coming to fruition.
State company PetroChina has begun filling the first phase of its commercial oil storage tanks in Qinzhou city, Guangxi.
The first imported cargo of 60,000 tonnes of crude was filled into the Qinzhou storage base on 23 August.
PetroChina plans to invest 20 billion yuan (2.328 billion) to build oil tanks to store 20 million m3 of crude reserves at the base. The first phase will be able to hold 4.2 million m3.