News // Asia
Chinese First Oil Reserve Filled
20 December 2007 , 10:49804
China's first national oil reserve base in Zhenhai province has been filled with crude oil.
The base, built by Sinopec, has a planned storage space of 5.2 million cubic meters, said the National Development and Reform Commission, China's top economic planning agency.
The completion and use of the base represented a milestone for China's oil reserve system, said the commission.
The base is one of four of that China began to build from March, 2004 onwards in coastal areas.
The other three - in Zhoushan, Zhejiang Province, Huangdao, Shandong Province and Dalian, Liaoning Province - are still under construction, and are expected to be in use later this year or next year.
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