Hong Kong: Brightoil has announced that, Brightoil Zhoushan Storage, a wholly-owned subsidiary of the company, has entered into the construction contract with China Petroleum Pipeline Bureau for the construction of oil storage facilities with 1.94 million cubic metres capacity in Zhoushan, Zhejiang.
According to the contract, China Petroleum Pipeline Bureau will carry out the construction work for Brightoil’s Zhoushan arm at a price of RMB 1.32bn.
Brightoil has another oil storage project at Dalian, Liaoning, waiting for approval. [17/06/13]
