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Qingdao Port introduces designated delivery storage facility for crude oil futures

|en.sd-port.com |Updated: May 8, 2020
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It has expanded the scope of SPG's "crude oil supermarket" and provides customers with services related to spots and futures, aiming to promote the high-quality development of the real economy.

SPG has integrated all crude oil import channels since its founding on Aug 6, 2019, emerging as the largest center for the handling, transshipment, and storage of oil in coastal areas of China. 

It took advantage of a petroleum conference held in December 2019 to enhance connectivity with traders, producers, and financial institutions both at home and abroad, as well as with refining enterprises inside and outside the province.

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[Photo provided to chinadaily.com.cn]

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