Sinopec Entrenches its Reach in Maritime Southern Asia
Tuesday, 15th December 2015
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.
Sinopec to Lease 75% of Hovensa Oil Storage Capacity
Wednesday, 2nd December 2015
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 in St. Croix, US Virgin Islands.
Oman’s International Buying Spree Spans Three Continents
Wednesday, 1st July 2015
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 Latin American crude.
Third Tank World Expo to be Hosted in Dubai, April 13-14
Monday, 6th April 2015
International industry leaders will come together in Dubai this month to debate the increasingly critical issue of global oil storage and its impacts on the Middle East oil and gas industry, as countries around the world reach critical capacity levels.