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Oil Storage News

OTTCO Signs Usufruct Agreement to Develop Ras Markaz Crude Oil Storage Terminal
Oman >> 7/6/2017 - The Special Economic Zone Authority at Duqm "SEZAD" has granted Oman Tank Terminal Company LLC "OTTCO" a Usufruct Right to construct Ras Markaz Crude Oil Storage Terminal. Oman Tank Terminal Company L...
KNPC Plans $1.3 bln Oil Products Storage Plant
Kuwait >> 5/24/2017 - Kuwait National Petroleum Co (KNPC) is considering building a large storage plant for oil products at a cost of 400 million Kuwaiti dinars ($1.32 billion), its chief executive said. ...
Bids for Phase 1 of Oman’s Ras Markaz Crude Terminal due Next Month
Oman >> 4/9/2017 - Bids for the first phase of an ambitious crude oil storage park at Ras Markaz on Oman’s southeastern coast are due in next month, according to a key official associated with the giant scheme. Oman Tan...
Indian Cabinet Approves Deal with ADNOC for Strategic Oil Storage
India >> 3/6/2017 - India has approved a deal for Abu Dhabi National Oil Co (ADNOC) to fill part of a strategic oil storage facility, the government said. ...
ADNOC Signs Agreement for 5.86m Barrels Crude Oil Reserve in India
India >> 1/25/2017 - In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and India’s Prime Minister, Narendra Modi, the Abu Dh...
Zenith Energy Develop Midstream Assets in Mexico
Mexico >> 1/25/2017 - Zenith Energy, L.P, an international liquids and bulk terminaling company, announced that they have signed an agreement with one of the largest companies in Mexico to market and develop existing logis...
India Hopes to Complete Oil Storage Talks with UAE
United Arab Emirates >> 1/24/2017 - India hopes to conclude negotiations with the United Arab Emirates to fill its strategic oil reserves at Mangalore, in southern India, a foreign ministry official said. ...
Japan Extends UAE Crude Storage Deal through 2019
United Arab Emirates >> 1/18/2017 - Japan has agreed to allow the Abu Dhabi National Oil Co (ADNOC) to store crude oil in the country for two more years, giving the nation's second-largest supplier continued access to a depot through 20...
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. ...

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