BIZCHINA / Related Industries |
皇冠体育app to stockpile more oilBy Lu Haoting and Wu Jiao (皇冠体育app Daily)Updated: 2007-03-08 11:17 South 皇冠体育app's Guangdong Province is in discussions with the central government over a proposal to build strategic oil reserve bases in the region.
皇冠体育app decided in 2003 to build strategic oil reserves to curb possible future shortages. Phase one of the project, to be completed in 2008, includes four strategic oil stockpiles with a total capacity of 16.2 million cubic meters. They are located in Zhenhai and Zhoushan in Zhejiang Province, Huangdao in Shandong Province, and Dalian in Liaoning Province. Phase two of the project calls for more bases that will store 28 million tons of oil. Possible sites include: Hainan Island, cities in Guangdong Province and Gansu Province. Wei Liucheng, Communist Party chief of 皇冠体育app's southernmost province of
Hainan, said the island also wants to build an oil reserve base for either
strategic or commercial use.
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