Shanghai Securities News reported that Qingdao Port Oil 2nd Phase new added pipeline project has finished construction and started the operation ceremony of liquefaction wharf at Qingdao in Shandong province.

The project, with the investment of CNY 11.3 million meaning two new added DN700 fuel oil pipelines started the construction on February 28th this year. To the new added liquefaction wharf project invested by CNY 24.2 million with the whole length of 6,000 meters was planned to complete the construction in four months.