Saturday 6 February 2016
 
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oil storage

Oman building 25m barrels of new oil storage

A storage project with 25 million barrels of space will open in Oman in 2019, helping to keep the country's oil flowing, Oman Tank Terminal Company (OTTCO) said on Tuesday. The complex, which will be built at Ras Markaz, is ne

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Oman building 25m barrels of new oil storage

A storage project with 25 million barrels of space will open in Oman in 2019, helping to keep the country's oil flowing, Oman Tank Terminal Company (OTTCO) said on Tuesday. The complex, which will be built at Ras Markaz, is ne

More…

Oil storage at sea halves to 25m barrels

Only half the tankers booked to hold crude oil at sea two months ago are still earmarked for storage after a rally in oil prices, but trade and shipping industry sources say the business could revive again quickly if the market turns.

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Oil storage at sea halves to 25m barrels

Only half the tankers booked to hold crude oil at sea two months ago are still earmarked for storage after a rally in oil prices, but trade and shipping industry sources say the business could revive again quickly if the market turns.

More…

Oil storage at sea halves to 25m barrels

Only half the tankers booked to hold crude oil at sea two months ago are still earmarked for storage after a rally in oil prices, but trade and shipping industry sources say the business could revive again quickly if the market turns.

More…

India, UAE in strategic oil storage lease talks

India is in talks to lease part of its planned strategic storage to UAE's state oil company Abu Dhabi National Oil Company (Adnoc), two government sources said, as New Delhi moves to protect its economy against crude price shocks and supply

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Fujairah oil storage capacity to rise by 2 mcm

  Oil storage capacity in the UAE port of Fujairah is expected to rise by 2 million cubic metres (mcm) this year to just over 6 mcm, port data shows.   The port

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Iran to build more oil storage as sanctions bite

Iran will build millions of barrels of oil storage facilities in the Gulf over the next few months in response to international sanctions on its exports, Iran's Press TV reported on Sunday. "By the middle of the next (Per

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Sinopec to build oil storage in UAE port

Singapore-based Concord Energy and China's Sinopec will start to build oil storage in the UAE port of Fujairah within two months, a source at Concord Energy said on Wednesday. Traders are rushing to secure oil storage outside the

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Fujairah oil storage expansion complete

United Arab Emirates' Emarat has completed its oil storage expansion project at the port of Fujairah, boosting its capacity at the key Gulf of Oman terminal to 260,000 cu m, the fuel retailer said. The Dh300-million ($81.68 million) expans

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