On June 2, ZhenHua Oil held a commissioning ceremony for the Dongjiakou Crude Oil Tank Farm project in Qingdao. Chairman Wang Yuetao led the delegation and delivered a speech. Representatives were from relevant departments of the Qingdao Municipal Government, Shandong Port Qingdao Port Group, relevant refining companies and traders in Shandong, as well as leaders and representatives of participating units, were also present.

Wang Yuetao pointed out that during the "14th Five-Year Plan" period, ZhenHua Oil has made great efforts to invest in storage and transportation infrastructure, aiming to further integrate into the new development pattern of the "dual circulation" and better ensure the crude oil supply for petrochemical enterprises in the hinterland while strengthening the interactive development ecosystem of trade and storage and transportation. On the occasion of ZhenHua Oil's 20th anniversary, the successful commissioning of the Dongjiakou Crude Oil Tank Farm project is of strategic significance in promoting the high-quality development of the company and deepening win-win cooperation between state-owned enterprises and local governments.

After the ceremony, Wang Yuetao had in-depth discussions with representatives of the Qingdao Municipal Government, and exchanged views with leaders of Shandong Port Qingdao Port Group and customer representatives on the topic of future development and operation strategies of Qingdao Storage Company.