Shanghai International Energy Exchange Co., Ltd, subsidiary of Shanghai Futures Exchange，has released the Notice on the Approval of Sinopec Petroleum Reserve Co., Ltd, Zhoushan Branch to Increase Active Storage Capacity for Crude Oil Futures on May 12, 2020. It has approved the active storage capacity of Sinopec Petroleum Reserve Co., Ltd, located on Cezi Island, Zhoushan, Zhejiang Province to be increased from 600,000 m3 to 700,000 m3, with an approved storage capacity of 800,000 m3.

Shanghai Futures Exchange
May 12, 2020