China Petroleum is working to build more large-capacity tank farms

China National Petroleum Corporation Daqing Oilfield is currently working to build more large-capacity tank farms to further improve its oil reserves.
In the south three oil depots of the crude oil reserve and transit hub of Daqing Oilfield, two 150,000 cubic meters of crude oil storage tanks have been erected this year. According to the plan, the South 3 Oil Depot will add more than 1 million tons of stored energy by the end of 2010. By then, the crude oil reserve capacity of the Daqing Oil Field will be equivalent to the output of the oil field in the last month.
In the eastern part of Xinjiang, CNPC is building a large-scale crude oil reserve. Analysts said that PetroChina and Sinopec are currently actively deploying energy storage, especially in oil-producing areas such as Daqing and Xinjiang. These reserve bases are more focused on strategic uses.
Zhang Guobao, deputy director of the National Development and Reform Commission and director of the National Energy Administration, disclosed at the end of last year in a signed article published in the People's Daily that at the time, the first phase of the national oil reserve base had been “essentially completed” and the second phase of the base construction was being actively promoted. Will reach 26.8 million cubic meters, equivalent to 170 million barrels.
The first phase of China’s national oil reserve base started in 2003, and strategic oil reserves were built in Zhenhai, Zhoushan, Dalian, and Huangdao.
With the rapid increase in demand and the increase in imports, the issue of China's oil reserve capacity has caused the Chinese government to attach great importance and attention from all walks of life. Qu Wei, dean of the Heilongjiang Provincial Academy of Social Sciences who has long been engaged in research on oil issues, believes that in 2008 China’s crude oil reserve level was about 600 tons, equivalent to 15 days of usage, far from the equivalent of 3,600 imported 3 months imported by the International Energy Agency. Tens of tons. In the case where the country’s current production capacity is basically stable, the annual increase of about 6% of the consumption depends on imports.

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