China Petroleum & Chemical will operate the upcoming Dongying III liquids storage terminal, located in Shandong, China. According to GlobalData, who tracks more than 5,000 active and developing liquids storage terminals worldwide, the liquids storage terminal will be owned by China Petrochemical and is expected to start operations in 2026. Buy the profile here.
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Expected to be operational in 2026, the terminal will primarily store crude oil and will have road access.
About China Petroleum & Chemical
China Petroleum & Chemical Corp (Sinopec), a subsidiary of China Petrochemical Corporation, is an integrated energy and chemical company. It operates in the oil and gas exploration and production, extraction and marketing; oil refining; and production, marketing, storage and transportation of petrochemicals, chemical fibers, chemical fertilizers and other chemical products. The company also undertakes import and export agency business of crude oil, natural gas, refined oil products, petrochemicals, chemicals and other commodities and technologies. Its product portfolio includes refined oil products such as gasoline, diesel and jet fuel; and petrochemical products that include synthetic resin, synthetic fiber monomers and polymers, chemical fertilizer and petrochemical intermediates. Sinopec is headquartered in Beijing, China.
For more details on the Dongying III liquid storage terminal, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
