Shanghai International Energy Exchange Co., Ltd Approves Sinopec Petroleum Reserve Co., Ltd, Rizhao Branch To Increase Active Storage Capacity For Crude Oil Futures

Shanghai International Energy Exchange Co., Ltd, subsidiary of Shanghai Futures Exchange，has released the Notice on the Approval of Sinopec Petroleum Reserve Co., Ltd, Rizhao Branch to Increase Active Storage Capacity for Crude Oil Futures on May 28, 2020. It has approved the active storage capacity of Sinopec Petroleum Reserve Co., Ltd. (located on Lanshan North Port Area, Rizhao, Shandong Province), to be increased from 600,000 m3 to 1,000,000 m3, with an approved storage capacity of 1,200,000 m3.