XINDE MARINE NEWS
Dongjiakou builds China's largest oil storage facility Shandong Port Group 2023-08-28 11:38


The Dongjiakou commercial crude oil storage tanks (phase III) in Qingdao Port, a subsidiary of Shandong Port Group (SPG), were put into operation on Aug 23. 
 
The first, second and third phases of the Dongjiakou commercial crude oil storage tanks which have a combined storage capacity of 5.2 million cubic meters have been already completed and put into in operation. These tanks make up China's largest oil storage facility.
 
Upon completion, the designed annual storage capacity of Dongjiakou port area will surpass 11.06 million cubic meters, which will help the port better serve the regional economic growth of Shandong.
 
The Dongjiakou commercial crude oil storage facility is a key project driving Shandong's and Qingdao's pivot from old to new growth drivers. The inauguration of the facility is a significant measure by SPG to leverage its role as a pillar in connecting the eastern and western regions and coordinating the coastal and inland areas, as well as integrating into the Belt and Road Initiative, the Regional Comprehensive Economic Partnership, and the Yellow River national strategy. This will help SPG sharpen its core competitiveness and make positive contributions to Shandong's efforts in building a strong maritime province.
 
In recent years, the rapid development of the crude oil trading has accelerated the agglomeration of related upstream and downstream enterprises, and this has led to increasingly urgent needs for the construction of infrastructure facilities. 
 
The third-phase facility is connected with Dongjiakou port area's existing storage tanks, which together can store 11.06 million cubic meters of crude oil. This will offer local refineries, carriers and cargo owners more safety, more convenience, and more economical logistics services. It will also consolidate Qingdao Port's position as China's largest crude oil importer, thus contributing to SPG's efforts to build a world-class sea port and a world-class enterprise.

Source: Shandong Port Group

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

Please Contact Us at:

media@xindemarine.com

 

展开全文

Related Posts

Shandong Port Group Pioneers Comprehensive Hydrogen Energy Port in Qingdao

xinde marine news2024-06-13

China building smart ports to bolster export-oriented economy

Xinhua2024-05-27

Singapore Carries Out Ship-to-Ship Bunkering of Close to 1,340 Metric Tonnes of Blended Methanol

MPA2024-05-27

Successful Propulsion and Manoeuvrability Trials by Fortescue's Dual-fuelled Ammonia-Powered Vessel i

MPA2024-05-06

Financiers and Insurers Ready to Support Electrification of the Domestic Harbour Craft Sector

MPA2024-04-11

Shanghai Port Performs China's First Green Methanol STS Bunkering of Large Container Vessel

xinde marine news2024-04-10