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Wed, 1 October 2008
CHINA Petroleum & Chemical Corp. has completed construction of a crude oil pipeline linking a new oil terminal in Bohai Bay with storage tanks in Tianjin city in northern China, parent company China Petrochemical Corp. said recently. The 190-km long pipeline has a design capacity of 20 million tons/yr of crude oil, equivalent to 401,600brl/d.
The pipeline and the terminal at the Caofeidian port in Hebei province will allow Sinopec to increase crude imports to its nearby Yanshan and Tianjin refineries and build up commercial reserves in the north, according to analysts. The terminal at Caofeidian is capable of receiving tankers with a volume of up to 300,000 deadweight tons each.
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