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Oil Storage News

Libya To Re-Open Last Major Oil Export Terminal
Libya >> 1/5/2017 - Libya is about to re-open the last major oil terminal that has been shut due to factions fighting in a move that would allow it to further increase oil exports, potentially putting pressure on oil pri...
VTTI Launches Adriatic Oil Product Storage with an Eye on Expansion
Croatia (Hrvatska) >> 10/31/2016 - Global oil storage company VTTI launched a new terminal in Croatia on Monday to target oil product demand in the Adriatic in advance of what the company says is substantial further expansion in Europe...
Hong Kong-Based Winson Oil Buys Ship to Store Oil in Europe
Hong Kong >> 10/11/2016 - Hong Kong-based trader Winson Oil has bought a very large crude carrier (VLCC) to store oil in the Mediterranean as it pushes to expand its business in Europe, two company sources said. ...
$100M Petroleum Storage Terminal Opens at Hamriyah Free Zone
Saudi Arabia >> 9/27/2016 - Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, HFZA, and Sharjah Airport International Free Zone, SAIF Zone, recently inaugurated a US$100 million petroleum storage terminal for Sha...
BP Eyeing Sale of U.K. Oil Terminals & Pipeline Stake
United Kingdom >> 7/20/2016 - British oil company BP Plc is selling off a string of fuel storage terminals as well as its stake in an big pipeline as part of a shake-up of its operations in the U.K. that affects around 350 jobs, T...
Gazprom Neft Launches New Logistics Scheme for Transhipments of Arctic Oil
Russia >> 2/10/2016 - The first consignments of oil from the Novoportovskoye and Prirazlomnoye fields have been delivered to the Umba storage tanker, anchored in the Kola Bay — allowing the full-scale utilisation of a new ...
OTTCO Plans Another Ship to Floating Storage Facility
Oman >> 1/20/2016 - Oman Tank Terminal Company (OTTCO) is contemplating another vessel at its floating storage facility at Mina Al Fahal following strong demand for capacity. “We are now contemplating another ship. There...
Mashreq in Talks to Terminate Liquid Bulk Station Contract
Egypt >> 11/23/2015 - Mashreq Petroleum, a subsidiary of Qalaa Holdings, is in negotiations with the General Authority of the Suez Canal Economic Zone to terminate a contract to build, operate and transfer a liquid bulk st...
Iran Develops Caspian Port for Oil Tankers
Iran >> 6/30/2015 - Iran is developing an oil terminal in a northern Caspian port to allow docking by large tankers, an official said. With the development of the terminal, 14,000-ton oil tankers will be able to anchor i...
Oando Energy Reports Fire Incident at Ebocha Oil Centre
Nigeria >> 6/30/2015 - Oando Energy Resources Inc reports a fire incident which started on 28th June 2015 involving two crude storage tanks at the Ebocha Oil Centre in Rivers State. In the early hours of 30th June 2015, a t...
Rosneft & Pertamina to Study Prospects of Cooperation
Indonesia >> 6/19/2015 - Rosneft and Indonesian Pertamina signed a Memorandum of Understanding within the St. Petersburg International Economic Forum. The document was signed by Rosneft Chairman of Management Board Igor Sechi...
Iran Building 2nd Aframax Tanker
United Kingdom >> 6/16/2015 - Iran Marine Industrial Company (Sadra) is manufacturing a second Aframax oil tanker, the chairman of Sadra Board of Directors said. ...
Lukoil & Amic Energy Management Close Sale of Retail Network in Ukraine
Ukraine >> 4/29/2015 - Today, LUKOIL Europe Holdings BV, a subsidiary of OAO “LUKOIL”, and AMIC Energy Management GmbH, Austria, have closed the sale of 100% of LUKOIL-Ukraine CFI which owns around 240 filling stations and ...
Taiwan CPC Buys Rare North Sea Crude Cargo via Tender
Taiwan >> 4/23/2015 - Taiwan's CPC Corp bought a rare cargo of North Sea Forties crude as it seeks to diversify supply, a source familiar with the matter said. ...
Iran Holds More than 20 mln bbls Oil on Ships
Iran >> 3/25/2015 - Iran is storing more than 20 million barrels of crude on board its supertankers moored off the country as western sanctions continued to curb Iranian oil sales globally, Reuters data showed. ...
Plains Acquires Williston Basin Crude Oil Terminal Under Constructio
United States >> 2/27/2015 - Plains All American Pipeline, L.P. has acquired Legion Terminals, LLC, which owns a crude oil terminal under construction in Johnson's Corner, McKenzie County, N.D. The terminal, which is expected to...
Rosneft Announces Large Semi-annual Oil Cargoes Tender
Russia >> 2/10/2015 - Russia's top crude oil producer Rosneft has announced a semi-annual tender to sell oil cargoes between April and September, industry sources told Reuters. ...
Iran Inaugurates Huge Oil FSU in Persian Gulf
Iran >> 2/9/2015 - A huge floating storage unit (FSU) with a capacity to store over 2.2 million barrels of crude oil came on stream in the Persian Gulf. ...
Lukoil Starts Upgrade of Lube Plant in Austria
Austria >> 1/29/2015 - Vagit Alekperov, OAO LUKOIL President, attended a ceremony, in Vienna, dedicated to the start of construction of a bulk-oil transshipment and storage terminal (tank battery) which will make it possibl...
BP Puts its Amsterdam Oil Terminal up for Sale
BP Puts its Amsterdam Oil Terminal up for Sale United Kingdom >> 1/22/2015 - BP announced today that it intends to sell its 950,000 cubic metre capacity oil storage terminal in Amsterdam. ...

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