China's largest oil and gas co has announced that it will be starting construction on a new major...
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According to PetroChina, the tanks are there in an "anticipation of increased demand for oil products" and will be used for storing gasoline, diesel and fuel oil. The company believes that Shanghai's petroleum demands are expected to grow by around 9% per year and should reach around 8 million metric tons per year by 2006.
The new tank firm is expected to be completed by 2005.
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