Friday, 07 August 2020 | 06:03
SPONSORS
View by:

China’s INE adds more delivery space at PetroChina’s tank farm

Friday, 22 May 2020 | 23:00

China’s International Energy Exchange (INE) said on Friday it had approved another 400,000 cubic metres, or about 2.4 million barrels, of warehouse space for crude oil delivery, taking its total storage to nearly 57 million barrels.

The expanded tankage comes from a tank farm owned by PetroChina International in the port of Dalian, in northeast Liaoning province.

The INE has since early April more than doubled its storage for contract deliveries as strong demand from investors attracted a flurry of physical deliveries.
Source: Reuters (Reporting by Chen Aizhu; Editing by Edmund Blair)

Comments
    There are no comments available.
    Name:  
    Email:  
    Comment:  
     
    In order to send the form you have to type the displayed code.

     
SPONSORS

NEWSLETTER