IN BRIEF (Page 13)

New crude oil tanks

China National Petroleum Corp (CNPC) plans to invest 980 million yuan to build crude oil storage tanks in the northern port city of Tianjin. Construction of the facilities, with a combined capacity of 1 million cubic meters, will start in March and be completed by the end of this year, Xinhua News Agency reported, citing an agreement signed by CNPC and the local government of Tianjin yesterday. The storage tanks will make an important contribution to stabilizing China's energy supplies, Xinhua said.

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