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Dalian Port to build a new crude oil terminal with PetroChina

Dalian: Dalian Port (PDA) Co. Ltd. announced that its new crude oil terminal, a joint development with PetroChina Co. Ltd., will commence operation in 2009.

The new crude oil terminal will have a throughput of 20 million tonnes. Together with the adjacent crude oil terminal, gross throughput can reach 40 million tonnes.

The two companies will invest a total of RMB700-800 million in the terminal.

In addition, Dalian Port's oil chemicals storage terminal in Caofeidian industrial park in Hebei Province has four to five berths.

Dalian Port currently has 17 oil product berths with a throughput of 17.37 million tonnes.

Dalian Port's container berth fees have risen by 8% over last year. In the first half of 2007, container throughput grew by over 20%. Sun Hong, Dalian Port's chairman, is optimistic about a continued growth.

As for the Dayaowan Phase 3 container port in Dalian, two berths will become operational in 2008.   [29/08/07]

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