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Storage and Logistics

ZhenHua Oil has been actively expanding its oil storage business, constantly making efforts in the acquisition of key resources like domestic storage, pipelines, and terminals. It has built and operated 705,000 cubic meters of crude oil storage tank and 15,000 cubic meters of product oil storage tank in Dalian Xingang, among which 400,000 cubic meters of crude oil storage tank is qualified as the crude oil futures delivery warehouse. The 800,000 cubic meter bonded crude oil storage tank of Qingdao Dongjiakou Port, a joint venture with Shandong Port Group, will be completed and put into operation in 2023.

The total capacity of self-built and leased oil storage tanks in Dalian Xingang and Changxing Island, Shandong Rizhao port, Hainan Yangpu port and Qingdao Dongjiakou Port has so far exceeded 5 million cubic meters. A professional, market-oriented and international investment and operation management team has also been built up.