China Completed New Crude Pipe in Shandong in Boost to Teapot Refiners
China has completed a new crude pipeline in eastern Shandong province as improves infrastructure for independent refiners in the region.
The pipeline links crude facilities run by energy trading house Mercuria in Qingdao port to the city Weifang, which is home to several teapot refiners, the port said in a statement.
The pipeline, which has a capacity of 30 million tonnes, or 608,000 barrels per day (bpd), will serve major teapots such as Shandong Chambroad Petrochemicals Co. and Shandong Dongming Petrochemicals Co.
The port of Qingdao has also started construction of several branches of the pipeline extending to central and north parts of province, which will increase its capacity to 60 million tonnes, or 1.2 million bpd.