Qingdao international oil trading market formally established

Qingdao international oil trading market formally established
Mar 02, 2009 By eChinacities.com
Qingdao International oil trading market was officially established in Qingdao’s Free Trade Zone. As a bulk raw material trading market, it has an operational area of 5000 square meters and adopts an advanced e-commerce transaction model. The transactions involve crude oil, bitumen and chemical products, etc., and it has trading, warehousing, distribution, information releasing and price releasing functions. The market is expected to be in formal operation in the first half of 2009.

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