Recently, Qingdao Port’s oil throughput in 2020 exceeded 100 million tons in only 288 days, an increase of 10.2% as compared to the same period in the prior year, and it exceeded 100 million tons 10 days earlier than last year, achieving a new breakthrough of exceeding 100 million tons for four consecutive years. This is the result of Qingdao Port’s assistance in the establishment of a "dual circulation development pattern in which domestic economic cycle plays a leading role while international economic cycle remains its extension and supplement ", and promoting to replace old growth drivers with new ones in Shandong Province.

Since the beginning of this year, the highlights in Qingdao Port’s Oil Products Segment appear frequently. The first bonded crude oil blending business was successfully launched, and 1.2 million tons of bonded crude oil blending business was completed. The designated delivery warehouse of crude oil futures was officially opened, and 2.28 million tons of Futures Crude oil was completed. There are 11 refineries directly served by oil pipelines, which have saved 2 billion yuan for local refining customers.