
COMPANY INTRODUCE
China Hongyang Group, is an integrated enterprise with the research & development, production and marketing of Fuel Dispenser and related accessories as well as service station concerning equipments. It concentrates on the relative manufacture & services of filling station such as Hongyang tax control Fuel dispenser, IC Card fuel dispenser, manage system of network for stations, submerge pump and liquid level devise. China Hongyang Group, designed supplier of SinoPec and PetrolChina, our HONGYANG products have been sold to over 50 countries in South-east Asia, Mid-east, Africa, Europe and well received in their markets.
we are committed to create the best workplace, encourage our staffs to put their own personalities into their jobs, and provide them a stage to show themselves.
the best of times. But now that it is beginning to
store emergency supplies of oil in “strategic reserves�
uncertainty is all the greater. It was not until October that
China confirmed reports that it had begun filling a newly built
reserve depot in Zhenhai in the eastern province of Zhejiang at
least two months earlier. Its plans are shrouded in secrecy.
Given the likely scale of China s reserve build-up, this
uncertainty matters a lot to the market. In the course of its
transformation from Asia s biggest exporter of oil two decades
ago to its second-biggest importer now, China has become
increasingly anxious. Economic planners worry about the
impact of oil-price surges on growth. Security planners fret that
around half of t fuel dispenser he imported oil comes from an unstable Middle
East and that the oil is mostly shipped along sea lanes through
south-east Asia that could be blocked by America. China wants
enough oil in hand to ensure that America cannot hold it to ransom.
But China has been in no rush. It started considering plans for strategic reserves in 1993, and began
building them only two years ago. It plans to build four coastal bases, at Zhenhai, Daishan (also in
Zhejiang Province), Huangdao in Shandong Province and Dalian in the province of Liaoning. But after it
completed fuel dispenser the first cluster of 16 above-ground tanks in Zhenhai last year, high crude prices deterred it
from filling them immediately.
State-controlled newspapers have reported that deliveries began in August when a Russian tanker
docked in nearby Ningbo with crude for storage at Zhenhai. Other reports say crude may have been
delivered before this. Some 3m barrels are reported to have been stored so far. This is around 10% of
Zhenhai s total capacity, which itself is the equivalent of less than five days of China s crude-oil
consumption. Officials have said China s aim is to store 100m barrels within five years.
The government has estimated that the total cost of building the bases and filling them will be 100 billion fuel dispenser