Dekun Energy opens crude oil storage warehouse

Published by Nicholas Woodroof, Editor
Tanks and Terminals, Thursday, 01 October 2020 16:15

As reported by Reuters, Dekun Energy, a subsidiary of Shandong Huaxin Industry and Trade Group, has opened a crude oil storage warehouse with a total storage capacity of 2 million m³ in the eastern Chinese port city of Rizhao.

The new warehouse will add to Huaxin’s current storage capacity of 2.2 million m³, making it the country’s largest private oil storage firm, according to a company statement.

Dekun’s storage will serve as a bonded warehouse and help boost crude oil reserve capacity in the region.

Chinese refiners and port operators have been accelerating plans to build storage facilities in China’s oil refining hub of Shandong.

Read the article online at: https://www.tanksterminals.com/storage-tanks/01102020/dekun-energy-opens-crude-oil-storage-warehouse/

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