A joint venture between PetroChina and UK-listed Fortune Oil plans to double the capacity of oil storage facilities at Zhuhai in southern Guangdong province. The board of South China Petroleum Co. - owned 45% by PetroChina and 37% by Fortune - has approved a 120 million yuan ($17.6 million) investment at the West Zhuhai oil products terminal to build five storage tanks with combined capacity of 220,000 cubic meters. On completion in 2011, the project - which still has to win local government approval - would bring the number of tanks to 22 with capacity of 457,000 cubic meters.
展开▼
