Chinese oil giant CNOOC looks underground to store fuel reserves
Company has started building below-ground facility in Ningbo that promises to be cheaper to construct and operate.
Source: scmp.com
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CNOOC starts building China's largest commercial underground oil reserve, to cost 3 billion yuan
China’s largest commercial underground oil reserve project, backed by China National Offshore Oil Corporation (CNOOC), has started construction in Ningbo, East China’s Zhejiang Province, according to media reports on Saturday.
Source: globaltimes.cn
Building of China's largest commercial underground oil reserve begins
Construction of China's largest commercial underground oil reserve project began in Zhejiang Province on Saturday.
Source: shanghaisun.com