Chinese oil major Sinopec has begun operating the second phase of its Baishawan crude oil commercial reserve base, a month ahead of schedule.
The Baishawan site, located in Zhejiang in eastern China, is operated by Sinopec subsidiary Shanghai Petrochemical and Pipeline Company. The site began operating in 2009 with four tanks each with a capacity of 150,000 m3 of oil, a total of 600,000m3. In 2017, the company began construction of the second phase, with four new tanks with a total capacity of 450,000 m3. Construction of the new tanks was completed in December 2019 and the tanks were then prepared for use.
Sinopec praised the efforts of participating units in their coordination, inspection, planning and work efficiency in completing the project. It says that the new tanks will enhance the group’s crude oil reserve capacity and so its ability to withstand risks.