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Oman plans to build $1bn oil storage siteOman is committed to building, and paying for, a huge $1 billion facility to store up to 200 million barrels of crude oil at Duqm on the Arabian Sea, an oil and gas official said on Monday. State-run Oman Oil Company (OOC) would f More… |
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Aramco confirms leasing Fujairah storageSaudi Aramco has leased fuel storage space at the UAE port of Fujairah to support its global trading operations, the state energy giant said, confirming an earlier Reuters report. Reuters report More… |
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Saudi steps up oil trading with Fujairah storageSaudi Arabia has sharpened its edge in oil trading by leasing oil storage in Fujairah, allowing the producer's new trading arm greater flexibility in both buying and selling oil products. Growing domestic demand means the lead More… |
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Drydocks in floating storage unit successDubai's ship building unit Drydocks World has announced the successful completion of the floating storage and regasification unit (FSRU) for Italy's OLT Offshore LNG Toscana. OLT Offshore LNG Toscana, a joint venture betwe More… |
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Saudi grain storage capacity to rise 27pcSaudi Arabia plans to raise the storage capacity of its grain silos by 27 percent over the next three years from the current 2.52 million tonnes, the director general of the state-run Grain Silos and Flour Mills Organisation (G More… |
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Iran to boost oil storage capacity by 1.1bn litresIran plans to increase its oil products storage capacity by 1.1 billion litres (6.9 million barrels) by next March, oil ministry news service Shana said on Tuesday. Speaking at the opening of a new oil storage facility in Ahwaz in southern More… |
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EMC receives number 1 storage rankingEMC Corporation announced that it is ranked by customers across the globe as the number one storage choice for mission critical environments, according to the latest end-user study from IDC. The survey ranks storage vendors based on custo More… |
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Fujairah port boosting oil storage capacityOil storage capacity in the UAE's port of Fujairah is expected to rise to around 7.8 million cubic meters by 2014 from its current capacity of 5.8 million cu m, the harbour master at the Fujairah port said on Tuesday. Fujairah is poised to More… |
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Bahra Cables to open giant storage facilityBahra Cables Company, an affiliate of Saudi-based Construction Products Holding Company (CPC), is set to open its new automated storage facility on a sprawling 10,000 sq m of land in Jeddah. The new warehouse, which will use More… |
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Grain storage for Gulf region plannedThe Arab Authority for Agricultural Investment and Development (AAID) is considering building a system for storing three to six months of grain reserves for the Gulf region, a senior official from the investment bank said on Wednesday. AA More… |
