BUZZ-Sinopec starts up Tianjin commercial crude reserve

China- 14 September 2017: A new commercial crude oil reserve base built by China’s Sinopec Corp in northern Chinese port of Tianjin received its first oil shipment on Wednesday, the state refiner said.

**The new site consists of 12 tanks each sized 100,000 cubic metres, totalling about 7.56 million barrels.

**This is the fourth commercial crude storage site Sinopec has started since 2012 in the Beijing-Tianjin-Hebei cluster region. The first three sites are in Caofeidian and Tianjin.