Shanghai International Energy Exchange Co., Ltd, subsidiary of Shanghai Futures Exchange, has released the Notice on the Approval of Sinopec Petroleum Reserve Co., Ltd. to Add Designated Delivery Storage Facility Storage Point for Crude Oil Futures on April 24, 2020. It has approved to add the storage point of Sinopec Petroleum Reserve Co., Ltd., Zhanjiang Branch, located on Xinggang Avenue, Lingang Industrial Zone, Zhanjiang, Guangdong Province, as the storage point for crude oil futures, with an approved storage capacity of 600,000 m3 and an active storage capacity of 400,000 m3. It has also approved the storage point of Sinopec Petroleum Reserve Co., Ltd., Caofeidian Branch, located on Caofeidian Industrial Zone, Tangshan, Hebei Province, as the storage point for crude oil futures, with an approved storage capacity of 1,000,000 m3 and an active storage capacity of 400,000 m3.

Shanghai Futures Exchange
April 24, 2020