Saturday 28 March 2015
 
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storage

Iran storing 30 million barrels of oil at sea

Iran is storing at least 30 million barrels of oil on its fleet of supertankers as Western sanctions continue to keep a lid on sales, tanker market sources say.   World powers are trying to reach a framework deal

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Mashreq Petroleum storage project on track

Egypt’s Mashreq Petroleum Company is on schedule to complete the $60-million first phase of its project to store petroleum products and fuelling ships within the next two months, its chairman said. The company is planning to

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Mashreq Petroleum storage project on track

Egypt’s Mashreq Petroleum Company is on schedule to complete the $60-million first phase of its project to store petroleum products and fuelling ships within the next two months, its chairman said. The company is planning to

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Puma Energy buys refinery for storage

Puma Energy has bought the Milford Haven oil refinery in Wales and other UK assets of Murphy Oil Corporation, it said yesterday, with plans to turn the Welsh site into a storage terminal. Puma Energy, which is part-owned by Swiss-

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Most supertankers empty as contango play fades

Only a few of the supertankers still chartered by traders for storage are filled with crude because a play to hold cheap oil and sell it later has lost momentum after prices recovered from six-year lows more quickly than expected.

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Fujairah oil storage capacity may rise 75pc

Oil storage capacity in the United Arab Emirates port of Fujairah is expected to rise 6 million cu m (mcm) by 2020 to around 14 mcm, a senior port official told Reuters on Thursday. The port, which lies outside the Strait of Hormu

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Iraq to boost southern oil storage to 15m barrels

Iraq plans to increase its southern oil storage capacity to 15 million barrels by the end of 2015, to help cope with export bottlenecks caused by bad weather and to absorb rising production, a senior official said. Speaking a

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Dow, RSA-TALKE sign key petchem storage deal

Dow and RSA-TALKE have signed a deal for the storage of petrochemical produced that will be marketed by Dow from Sadara Chemical Company, a joint venture of Dow and Saudi Aramco, in Saudi Arabia. The joint venture for chemical log

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UAE Ministry of Energy backs Tank Storage Mideast

UAE’s Ministry of Energy has been confirmed as the official government supporter of Tank Storage Middle East, which will take place on January 26 and 27 at the Abu Dhabi National Exhibition Centre. It joins a strong line-up

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Toshiba to launch latest storage solutions in ME

Toshiba is set to launch its latest storage solutions innovations in the Middle East. In line with this, Toshiba Gulf recently held product events in Saudi Arabia, one of the many GCC countries where Toshiba sustains enviable bran

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