Tianjin’s crude oil terminal soon to operate

Construction of Tianjin Port’s 300,000-ton crude oil terminal has entered the final stage in September. The project is jointly funded by Tianjin Port and China Petrochemical Corporation, with a total investment of 1.379 billion yuan (US$201.3 million). Upon completion, the terminal will load, unload, store, transship and provide measurements on crude oil at Tianjin Port and will be able to accommodate 300,000-ton oil tankers, with an annual throughput capacity of 20 million tons. (August 18, 2008)