China’s oil imports limited by storage capacity

Limited storage facilities are hampering China’s efforts to import large volumes of oil while world prices are relatively low, an official with the Guangzhou customs house told an energy conference here Friday.

Zhong Yanming, head of data analysis of the statistical department of the customs office, said he reached this conclusion based on monthly import figures last year.

Zhong made his comments at a meeting on the liquefied petroleum gas industry in this capital city of south China’s Hainan Province. The three-day event, due to end Friday, was sponsored by the municipal petroleum council of Guangzhou.
Xinhua