Oil Storage News

Jusk Terminal Set to Become Iran Energy Hub
Iran >> 2/22/2020 - The first phase of crude oil exports from Jask oil terminal in southeast Iran will commence by March 2021. Once fully operational, this project would transfer 1mb/d of crude oil from Iranís oil-rich w...
3.2m Barrels Fuel Storage Facility to Be Launched in Qeshm Island
Iran >> 1/15/2020 - Head of Iran's Qeshm Free Trade Zone, Hamid-Reza Moímeni said the islandís first fuel storage facility with the capacity of 3.2 million barrels will be launched by the next 20 days, IRIB reported. ...
Equinor Abandons Oil Terminal Project for Johan Castberg
Norway >> 12/13/2019 - The Johan Castberg partners, consisting of Equinor, Var Energi and Petoro, have studied a possible development of a downscaled ship-to-ship oil transfer terminal at Veidnes in Finnmark county in North...
Long Term Future of Nigg Oil Terminal Jetty Secured
United Kingdom >> 10/10/2019 - Global Energy Group has reached agreement with Repsol Sinopec Resources UK Ltd to take over the long-term operation of the Nigg Oil Terminal jetty under a new lease with Crown Estates Scotland.
Storage Capacity Increased at Ras Lanuf Port
Libya >> 9/17/2019 - National Oil Corporation (NOC) subsidiary Harouge Oil Company has replaced Ras Lanuf storage tank no. 7, which has a capacity of 500,000 barrels of crude oil, bringing the portís storage capacity to i...
About the Algerian Tanker "MESDAR"
Algeria >> 7/20/2019 - On Friday, July 19, 2019, the MESDAR tanker of 2,000,000 barrels of capacity, property of SONATRACH, was forced to set sail for the territorial waters of the Iranian coasts, by the coastguards of the ...
PEDEC Seal Deal with Domestic Firm to Construct Oil Storage Tanks
Iran >> 10/1/2018 - Irans Petroleum Engineering and Development Company (PEDEC) struck a BOT contract with a domestic firm for construction of 10-million-barrel crude oil storage tanks. ...
Iraq May Build Oil Storage in Japan, South Korea to Drive Asian Sales
Japan >> 3/27/2018 - Iraq is studying the possibility of building crude oil storage facilities in South Korea and Japan as part of a plan to increase sales to Asian clients, the head of the Iraqi state-oil marketer SOMO, ...
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 Omanís 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 Omanís 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 Indiaís 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...

General LNG Carriers LNG Terminal Natural Gas Storage Oil and Gas Pipeline Oil Storage Railways Tank Truck Tankers
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.