02 March 2010
CNPC Commercial Oil Storage Branch Co., a subsidiary of CNPC, will build a 1 million cum commercial crude oil storage facility in Nangang Industry Park, with a total investment of about USD 143 million. The project is mainly comprised of 10 newly constructed crude oil storage tanks of 100,000 cum each, with a pump room; metering room; associated instruments; and power, water and heat supply facilities. CNPC Dagang Petrochemical Co. will be responsible for the construction management of the project. According to the schedule, construction is expected to begin in March 2010, and all main works will be completed by the end of 2010.