ENOC Group along with Rotary Arabia, which is one of the Engineering, Procurement and Construction (EPC) contractors in Saudi, announced that the completion of developing the needed infrastructure for transporting and storing petrochemicals in Western Province in Saudi Arabia.

Gastec company announced that it has established mobile station to supply natural gas for the first time in Egypt.

Shanghai International Energy Exchange (INE) approved PetroChina International Middle East as overseas storage facilities for lower Sulphur fuel oil (LSFO) futures.

Kenya Pipeline Company (KPC) has signed a 3-year lease agreement with Kenya Petroleum Refineries Limited (KPRL) as it looks to expand the country’s oil storage capacity.

Pumangol will invest $295m to build aircraft fuel storage and distribution units at airports in Luanda, Huíla, Benguela and Cunene.

The floating, storage, and re-gasification unit (FSRU) Neptune, previously known as GDF Suez Neptune, has arrived near Aliaga on the Agean Sea where it will be used as Turkey’s third LNG import terminal.

Lekoil announced that oil is flowing at the Otakikpo marginal field in Nigeria to onshore storage tanks, where it will later be transferred upon completion of the offshore pipeline.

The Minister of Energy and Coal Industry of Ukraine said that the country is ready to make its underground gas storage facilities available to foreign companies, including Turkish ones, for its further transportation to the EU.

The 2009 bids only managed to hand over control to international oil companies

The oil market is coping with storage capacity limits because demand for products such as petrol has been unexpectedly strong, says a senior executive at the world’s biggest independent oil trader.