Dinghai devoted to oil industrial chain construction

Updated: May 22, 2019 chinadaily.com.cn Print

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The 450,000-ton-capacity oil wharf of Zhoushan Shihua Co in Cezi Island, Dinghai district, Zhoushan, East China's Zhejiang province [Photo/IC]

Dinghai district in Zhoushan, East China's Zhejiang province has been making vigorous efforts in oil warehousing, transport and trade in recent years to build a whole industrial chain of oil businesses. 

The district has introduced 25 oil warehousing, transport and transferring companies since the China (Zhejiang) Pilot Free Trade Zone (FTZ) was established in Zhoushan two years ago, with a total oil storage capacity of more than 26 million cubic meters. 

It now boasts four 300,000-ton-capacity and 10 100,000-ton-capacity oil wharves, as well as more than 20 oil wharves of other types, which significantly boost the oil trade in the Zhejiang FTZ. Average annual oil throughput in the district surpassed 20 million tons over the past few years.

The district has also built three oil pipelines stretching a total of 65.4 kilometers with a designed capacity for transporting 82 million tons every year.

"Thanks to the oil industrial chain construction, our warehousing, discharging and transferring services have been greatly enhanced," said Yang Jie, general manager assistant of Zhoushan Century Pacific Chemical Co, a local port logistics company specializing in global oil warehousing and transferring. 

The company cooperated with China National Offshore Oil Corporation Zhoushan Petrochemical Co in exporting the city's first oil produced by a local company.

Other oil companies in the district also made big strides, such as Sinopec's oil depot in Cezi Island which has been designated by the Shanghai Futures Exchange as one of its warehouses for oil futures delivery, and the oil depot of Zhejiang Offshore Petrochemical Co which has been made a warehouse for the delivery of 380CST bonded bunker fuel futures.

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