Dalian: Chinese state-owned oil giant PetroChina and Dalian Port have started operations of a new ULCC berth at Xingang harbour able to acommodate 450,000 dwt ships.
Dalian Port jointly invested 5bn yuan ($735mn) on the facility, which has an annual throughput capacity of 19mn t/yr (380,000 b/d). ?Dalian's Xingang is a key area of China's growing strategic oil reserves, with more than 40 new giant tanks ready to be filled. [17/08/10]
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