Sinopec's Beihai Reserve Base Ready in September 2011

Sinopec Group will complete a 20-million-barrel crude reserve base in the southwestern Chinese port of Beihai by September 2011, an industry source told Reuters on Wednesday.

Sinopec would also add a new 100,000 barrel-per-day crude refining unit in Beihai, Guangxi region, where the state oil giant eventually plans to establish a refining and petrochemical base, said the source with knowledge of the refiner's plans.