PetroChina begins construction of biggest oil depot in Hunan

The biggest oil depot in Hunan Province, located in Changsha, is now being constructed by PetroChina Co. Ltd. The oil depot is expected to ease the shortage of oil products in the province. Construction of the 800 million yuan (US$125.8 million) is expected to be completed by December 2012 . PetroChina has also obtained approval from the National Development and Reform Commission (NDRC) for the extension of the Lanzhou-Zhengzhou-Wuhan oil pipeline to Changsha. An additional 2,148.4 km will be built at a cost of 18.7 billion yuan (US$2.9 billion). (September 13, 2011)