The recent slump in oil prices has provided a good window for importing and storing crude oil. With the accelerated import of crude oil by local refining companies, domestic private storage companies have opened up storage capacity for local refining companies, and crude oil storage companies in Shandong ports have also set off. A new round of expansion.

The 600,000 cubic meters of crude oil bonded storage area in the 1.16 million cubic meter crude oil storage area project of Shandong Baogang International Port Co., Ltd. has been approved by Jinan Customs, and it has been officially awarded the license recently. The company's chairman, Yan Zhenyong, said that the official operation of the bonded area is expected to speed up the progress of crude oil imports by local refiners.

It is reported that Baogang International has built a storage area of 164,000 cubic meters of fine chemicals and a storage area of 1.16 million cubic meters of crude oil (600,000 cubic meters of bonded storage area). A number of refining and chemical companies in the Dongying Port Economic Development Zone provide crude oil access, storage and transportation services.

"In the first quarter, Shandong Province imported 11.797 million tons of crude oil from countries along the 'Belt and Road', an increase of 46.2% year-on-year; the total import value was 34.35 billion yuan, an increase of 27.7%." At the press conference held by the Shandong Provincial Information Office last week, Jinan Zhang Yibing, deputy director of customs, said.

The Ministry of Commerce recently issued the second batch of crude oil import allowances for non-state trade this year two months earlier than in previous years. In addition to the first batch of quotas, the Ministry of Commerce has issued a total of 157.71 million tons of quotas, accounting for 78% of the annual total of 202 million tons.

"The foreign epidemic has not yet reached an inflection point. The demand for crude oil in Europe and the United States has dropped sharply. Global crude oil sellers have focused on the Chinese market. Shandong DiRefining has recently purchased a large number of cost-effective sources, and the CIF price of crude oil has fallen sharply." said Zhou Guoxia, an analyst at Jinlianchuang. . Under such circumstances, domestic private warehousing companies have opened up storage capacity for local refining companies.

Shandong refineries mainly import crude oil through the three ports of Qingdao, Rizhao and Yantai. Among them, the oil throughput of Qingdao Port has exceeded 100 million tons for three consecutive years, ranking first in the country's coastal ports, accounting for 1/6 of the domestic import landing volume. In Dongjiakou Port Area, the 600,000-cubic-meter crude oil depot of Qingdao PetroChina Storage Co., Ltd., which started construction in August last year, has been completed and put into use. on the agenda.

At present, 2.46 million cubic meters of oil tanks jointly constructed by all parties in Dongjiakou Port Area have been put into use, and more than 3 million cubic meters of storage capacity will be added in the next two years. In addition, through the matching of oil pipelines, 1 million cubic meters of tank farms in Weifang and other places have also been put into use simultaneously, providing real "door-to-door" logistics services for Shandong local refining enterprises.

Rizhao is the second largest crude oil import port in Shandong. In addition to the 2.8 million cubic meter oil depot belonging to Sinopec Petroleum Commercial Reserve, there are also several large-scale private storage projects. Among them, the storage area of Rizhao Dekun Energy Co., Ltd. with a storage capacity of 2 million cubic meters is planned to be completed and put into operation in the second half of this year. Rizhao Landbridge Petrochemical Co., Ltd. is building 2.4 million cubic meters of storage tanks in addition to its own storage of 2 million cubic meters, which will be leased as bonded tanks.