(Enorth.com.cn)Recently, Tianjin Port Group signed a contract of jointly establishing Tianjin Port Shihua Crude Oil Dock Co., Ltd. with China Petroleum & Chemical Corporation (CNPC). The total investment of the project is 1.379 billion yuan and the joint venture will mainly deal with the loading and unloading, storage, transfer and computation of crude oil of the 300 000 tonnage crude oil dock. The project uses 464 m of coastline and can receive 300 000 tonnage large oil tanker and the yearly designed throughput is 18 million tons.

The 300 000 tonnage large oil tanker is a representative project for Tianjin Port to further upgrade port grade and a main reliance for the ethene project of Tianjin. One 300 000 tonnage crude oil dock will be constructed and the project includes dock project, bridge approach, oil transportation pipeline, port dredging and other auxiliary facilities. The project has adapted to the requirements of crude oil import, cut down the crude oil transportation expenses and created conditions for international competition.