The company, however, did not give a time frame and was still conducting
feasibility studies for the planned projects.
In the port city of Dalian, in the northeastern Liaoning province,
Brightoil plans to build crude and oil products storage facilities with a
combined capacity of 6-8 million cu m, with attached wharfs and other
necessary infrastructure, the company’s chairman, Sit Kwong Lam, said.
In the coastal city of Zhoushan, in the eastern Zhejiang Province,
Brightoil is looking to develop about 2.2 million cu m of oil products storage
together with wharfs with about 15 berths that can handle vessels of up to
300,000 dwt.
Brightoil is also looking at acquiring equity in a medium-sized oil
storage company in Zhejiang’s coastal city of Ningbo, Sit said.
The company is eyeing a fleet of eight oil tankers with capacities
ranging from 5,000 dwt to 300,000 dwt via leasing or hire-purchase agreements.
Meanwhile, it is seeking collaborations in upstream crude and natural gas
exploration projects in China and overseas, Sit said.
Brightoil supplies bunker fuel at the southern Chinese ports of Yantian,
Shekou and Chiwan in Guangdong province. It is currently the only bunker
fuel supplier at Yantian where it has a 400,000 cu m storage facility.
The company started servicing ships in Hong Kong in late April. It
announced two weeks ago that it would start bunker fuel supplies in Shanghai
in June.
The company is also continuing to explore and study opportunities that
would allow it to further expand the coverage of its marine bunkering services
in the Chinese market, in particular, other ports in the Yangtze Delta region
as well as those along the Bohai rim in the northern part of China, Brightoil
had said.