PetroChina expanded storage capacity of one of its oil product utility at Ningbo in east China Zhejiang to 470000 cubic meters from 54,000 cubic meters.
According to reporters, PetroChina has planned to start commercial operation of the expanded utility from September 5.
PetroChina will supply gasoline and diesel from its north China refineries to the Ningbo facility for distribution in south China allowing it to challenge sinopec market stranglehold in the region.
PetroChina 3.2 million barrels per day refining capacity is situated mostly in north China, whereas 85% of Sinopec 4.85 million barrels per day capacity is in the south of the country.
According to reporters, PetroChina has planned to start commercial operation of the expanded utility from September 5.
PetroChina will supply gasoline and diesel from its north China refineries to the Ningbo facility for distribution in south China allowing it to challenge sinopec market stranglehold in the region.
PetroChina 3.2 million barrels per day refining capacity is situated mostly in north China, whereas 85% of Sinopec 4.85 million barrels per day capacity is in the south of the country.
