Sinopec and Qingdao Port Group Company held the investment ceremony of Qingdao Shihua Crude Oil Terminal Company on 29th March. The new investment amount reaches 1.28 billion Yuan.

Qingdao Port Group Company and Sinopec have invested 700 million Yuan to establish Qingdao Shihua Crude Oil Terminal Company in 2006, and built the third 300,000 Dwt crude oil terminal in Qingdao Port. This new investment will help improve Qingdao Port’s operation management system, promoting the construction of Qingdao port into the international shipping centre of Northeast Asia.

Source from CNSS