oil storage | Egypt Oil & Gas - Part 2
UAE’s BPGIC to Raise Storage Capacity to 4.5 mcm Across 22 Tanks
The UAE’s Brooge Petroleum and Gas Investment Co (BPGIC) announced in a statement published on Zawya on October 10, 2019, that it plans to boost the crude oil storage capacity and expand refining facilities after mana...
ADNOC Builds Crude Storage Facility in Fujairah Mountains
Abu Dhabi National Oil Company (ADNOC) is constructing a crude oil storage facility under the Fujairah mountains in the UAE, sources with knowledge of the matter told Reuters. The underground facility, named Mandous, ...
UAE to Store Oil at India’s Facilities
India signed a landmark contract for the storage of UAE crude oil late January, 2017. The agreement between Indian Strategic Petroleum Reserves and Abu Dhabi National Oil Company (ADNOC) will see around half of India’...
Oman Expanding Crude Storage Capacity for Dubai Futures
The Oman Tank Terminal Company (OTTCO) is building a storage project with a 25m barrel capacity at Ras Markaz to be opened in 2019, reported Arabian Business. The project comes at a time when current oil storage facil...
Sinopec Entrenches its Reach in Maritime Southern Asia
China Petrochemical Corp., Sinopec announced its plan to build a gasoline filling station and a storage depot at its outpost in the disputed Paracels Island in the South China Sea to ramp up its fuel supplies, the com... Sinopec to Lease 75% of Hovensa Oil Storage Capacity
Sinopec, Asia’s biggest oil refiner, and Freepoint, US commodity trader, will take part in reviving the Caribbean oil refinery, Hovensa, in collaboration with Limetree Bay Holdings LLC, the buyer of the complex...
Oman’s International Buying Spree Spans Three Continents
Oman, the largest oil producer in the Middle East outside of OPEC, plans to buy, lease or build fuel-storage tanks in East Africa to boost sales on the continent and open a U.S. office to trade refined products and La...
