Saturday 6 February 2016
 
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Iranian oil tanker leaves sea storage fleet for China

An Iranian oil tanker sailed from Iran headed for China, becoming the second ship in days to be despatched from the country's floating storage fleet, Reuters ship tracking showed on Thursday.   The Sinopa tan

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Saudi pilot carbon storage project may boost recovery rates

Saudi Arabia's first carbon capture and storage pilot project, located at its Ghawar oilfield, may boost oil recovery rates by 20 percentage points, oil minister Ali al-Naimi said. Carbon storage schemes are being promoted aro

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TechAccess, Fujitsu in strategic distributor partnership

TechAccess, a specialised value-added IT distributor, has partnered with Fujitsu to cement its place in the enterprise technology space and offer its channel partners infrastructure and business solutions.   The

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Kuwait Petroleum to boost Europe investment

Kuwait Petroleum International (KPI) is planning more investments in Europe, including into storage terminals and other oil-related facilities to help to provide more outlets for the fuels it produces.   Khaled A

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Oman opens floating storage facility at Mina Al Fahal

Oman Tank Terminal Company (Ottco), a subsidiary of Oman Oil Company (OOC), has launched a new floating storage facility recently, according to a report.   The 2.1 million barrel capacity facility at Mina Al Faha

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US oil storage becomes big business

Commercial crude stocks across the United States rose by 105 million barrels early this year to peak at 490 million barrels, the highest level in eight decades. Despite some draw downs in recent weeks, which have reduced inventori

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Iranian officials say condensate and fuel oil on ships

As traders speculate over what type of oil is being kept by Iran in floating storage, two Iranian oil officials said that the oil was condensate and fuel oil.   The millions of barrels on ships could be delivered

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ATS Terminal in Sharjah plant expansion

ATS Terminal, a UAE-based company, said it has doubled its storage capacity following the completion of its Phase Two expansion. Based at Hamriyah Free Zone in Sharjah, the company offers services like storage and transport of liq

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ATS Terminal in Sharjah plant expansion

ATS Terminal, a UAE-based company, said it has doubled its storage capacity following the completion of its Phase Two expansion. Based at Hamriyah Free Zone in Sharjah, the company offers services like storage and transport of liq

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Oman invites bids for mega crude oil park

Oman Oil Company has invited prequalification bids from international energy infrastructure contractors for the construction of a giant crude oil storage terminal at Ras Markaz on the sultanate’s Wusta coast. The giant facil

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