PetroChina Builds Major Storage for New South China Refinery - Report
09.05.2022 By - NEWS

August 5, 2022 [Reuters] – PetroChina has finished building a large tank farm for its greenfield refinery and petrochemical complex in southern China’s province of Guangdong, the state-backed Shanghai Petroleum and Natural Gas Exchange said in a report.


The tank farm, part of a new complex in the city of Jieyang, has storage of 3.8 million cubic meters, with 2 million cubic metres (12.6 million barrels) allotted for crude, it said, citing project operator PetroChina Guangdong Petrochemical.

Guangdong Petrochemical comprises a 400,000-barrel-per-day refinery and a 1.2-million-tonnes-per-year ethylene complex.

The report did not say when the new plant will be launched, but industry sources expect trial production to begin in the fourth quarter of this year.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

BASF and Stolt Tankers Introduce the Low-Water Chemical Tanker Stolt Ludwigshafen During Ship Christening Ceremony
05.29.2023 - NEWS
May 29, 2023 [Stolt-Nielsen]- On May 26, 2023, the new low-water inland tanker Stolt Ludwigshafen... Read More
Turkey, Iraq Seek to Boost Trade at Summit in Erbil
05.29.2023 - NEWS
May 29, 2023 [Rudaw]- Erbil on Sunday hosted the seventh Turkey-Iraq investment and trade summit,... Read More
Oil Supply won't be Affected by Stricter Price Cap Enforcement, IEA says
05.29.2023 - NEWS
May 29, 2023 [Reuters]-  “It may have some impact but countries once again reiterated that... Read More
Hedge Funds’ Ultra-Bearish Oil Bets Signal US Recession Angst
05.29.2023 - NEWS
May 29, 2023 [The Business Times]- MONEY managers who trade derivatives linked to oil and fuel p... Read More