Back-up oil facility to be ready by 2009
By Wang Zhenghua | China Daily | Updated: 2008-01-03 06:58
SHANGHAI: The city's first storage facility for refined oil products will be ready in early 2009 to provide a back-up energy supply.
The foundation was completed late last year at the Shanghai Chemical Industry Park, the Shanghai Securities News reported yesterday.
The project received a 520 million yuan investment from the listed arm of Shanghai's leading retailer Bailian Group.
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