August 16, 2010 [Reuters] - China has completed a crude storage farm of about 26 million barrels in Qinzhou in the southern Guangxi region, near a new refinery that PetroChina has just built, official media reported last week.
China will increase its refined fuel storage space by nearly half to some 490 million barrels by 2015 from 2009, a senior researcher of CNPC said in late May, or roughly enough for 54 days of current consumption. By the end of 2009, the world’s second-largest fuel market operated 53 million cubic metres of fuel tank storage, said Gong Manying, head of marketing studies of state energy group CNPC.
On crude storage, the country’s top two oil firms PetroChina and Sinopec Corp have been the leading builders, to both service their expanding refining systems and establish commercial space under Beijing’s call to boost supply security.
Beijing has recently started enlisting the private sector to be part of the national reserve system. From blanket makers to auto parts manufacturers, scores of private entrepreneurs have since 2008 been erecting depots along the coast from Dalian in the north to Shenzhen in the south, inspired by Beijing’s plan to build oil reserves.
Following is a glimpse of commercial storage facilities, both crude and fuel, in use and those being built or planned, according to Chinese media reports and industry officials. Some of the figures below include part of the state refiners’ operational storage as these are difficult to totally separate. The data does not cover China’s strategic crude reserve. (capacity in cubic metres)
Facility Location Capacity Builder Stockpile —————————————————————-
Aoshan Zhejiang 1,960,000 Sinochem crude/fuel
CezidaoI Zhejiang 600,000 Sinopec crude
CezidaoII Zhejiang 200,000 Sinopec crude
Daxiedao Zhejiang 830,000 Sinopec crude
Huangdao Shandong 2,100,000 Sinopec crude/fuel
Zhanjiang Guangdong 860,000 Sinopec N/A
Zhanjiang Guangdong 1,950,000 PetroChina crude/fuel
Dalian Liaoning 1,750,000 PetroChina crude
Caofeidian Hebei 800,000 Sinopec crude
Hengxin Zhejiang 370,000 Daxie Hengxin all
Qingzhi Zhejiang 150,000 Ningbo Haineng fuel/chem
Ganghong Zhejiang 190,000 Sinopec fuel/chem
CengangI Zhejiang 134,000 Zhejiang Haihua fuel
CengangII Zhejiang 256,000 Zhejiang Haihua fuel
Dongfang Shanghai 223,500 Sinochem all
YangshanI Zhejiang 420,000 PetroChina fuel
Haibin Shanghai 300,000 PTR/Chimbusco fuel
Nantong Jiangsu 238,000 Sinochem all
Nantong Jiangsu 210,000 Dongfang Shihua all
Yanghong Jiangsu 223,000 Yanghong Shihua fuel/chem
Jiamin Jiangsu 156,000 Jiamin Gangchu fuel/chem
BaishawanI Shanghai 800,000 Sinopec crude
BaishawanII Shanghai 600,000 Sinopec crude
Guanghui Shenzhen 400,000 Brightoil fuel
Shanshan Xinjiang 1,000,000 PetroChina crude
Zhenhai Zhejiang 3,800,000 Sinopec crude
Huizhou Guangdong 1,000,000 CNOOC crude
Huizhou Guangdong 300,000 PetroChina crude
Xiaohudao Guangdong 765,000 PetroChina fuel
Xixiezhi Zhejiang 250,000 Jianqiao fuel
Taipingyang Zhejiang 400,000 ZS CPCC^ fuel/chem
Bailian Shanghai 200,000 RL Pudong fuel
Nansha Guangdong 400,000 PetroChina N/A
Tieling Liaoning 1,160,000 PetroChina crude
Dalian Liaoning 240,000 PetroChina N/A
Dushanzi Xinjian 2,000,000 PetroChina crude
Ningxia Ningxia 1,200,000 PetroChina crude
Qinzhou Guangxi 4,200,000 CNPC crude
—————————————————————- Total 32.63 mln cubic metres
Tanks Under Construction or planned
Facility Location Capacity Builder Stockpile Start-up —————————————————————
GaolangangII Zhuhai 460,000 PetroChina fuel N/A
YangshanII Zhejiang 2,280,000 PetroChina fuel N/A
Pengzhou Sichuan 1,000,000 PetroChina crude N/A
Daxie Zhejiang 1,300,000 PetroChina crude/fuel Oct
WangjiagouI Xinjiang 150,000 PetroChina crude Oct
GaolangangI Zhuhai 540,000 PetroChina fuel 2010
Daqing Daqing 1,500,000 PetroChina crude 2010
WangjiagouII Xinjiang 300,000 PetroChina crude 2010
Lanzhou Gansu 6,000,000 PetroChina crude 2011
Tianjin Tianjin 1,000,000 CNPC crude end 2010
Rizhao Shandong 3,200,000 Sinopec crude 2011
Yangzhou Jiangsu 236,000 Sinochem fuel/chem May
Gaolangang Zhuhai 410,000 Sinochem fuel 2010
Chuanshan Zhejiang 196,000 Gangxin fuel oil N/A
Wanxiang Zhejiang 570,000 Wanxiang fuel N/A
Jinrun Zhejiang 500,000 Jinrun crude/fuel 2009/10
Guanghui Shenzhen 600,000 Brightoil fuel 2010
GuanghuiI Shanghai 140,000 Brightoil fuel 2010
GuanghuiII Shanghai 160,000 Brightoil fuel 2011
Yangpu Hainan 5,000,000 Vopak/China crude/fuel 2011
Maoming Guangdong 2,000,000 Sinopec crude 2011
Beihai Guangxi 3,200,000 Sinopec crude Sept 2011
Tianjin Tianjin 3,200,000 Sinopec crude N/A
Chongqing Chongqing 300,000 PetroChina fuel Aug 2010
Yangpu Hainan 15,000,000 Sinopec crude/fuel N/A
—————————————————————- TOTAL 49.24 mln cubic metres
^Zhoushan Century Pacific Chemicals Co., Ltd * builders other than Sinopec, PetroChina, Sinochem or CNOOC are independents.
