February 6, 2012 [The Economic Times] - State-run Indian Oil Corporation (IOC) plans to invest 7,700 crore by 2015 to expand its pipeline network, which has emerged as a highly profitable business, generating revenue of 4,200 crore in the previous fiscal year with a net profit of 3,000 crore, senior officials said.
February, 6 2012 [Bloomberg] - Cyprus’s government shortlisted four companies and a joint venture to build a terminal for storing and re-exporting fuel, Politis reported today, without saying where it got the information.
February 6, 2012 [Yahoo! Finance] - At the AGM, Richard Healey Non Executive Chairman and Simon Escott CEO will give the following update. Despite the problems caused by the delay in the 2010 Audit process, we are pleased to announce that considerable progress has been achieved in the last few months and the Group's operations are trading profitably
February 6, 2012 [PennEnergy] - BP Products North America Inc. announced today that it has started shipping crude oil bound for the U.S. West Coast through Petroterminal de Panama (PTP)’s trans-Panama pipeline, marking the start of a seven-year transportation and storage agreement between BP and PTP.
February 6, 2012 [Canadian Transportation & Logistics] - Neptune Terminals, one of the largest multi-product bulk terminals in North America, has become the first West Coast terminal to join the Green Marine Environmental program.
February 6, 2012 [Canadian Business] - Inter Pipeline Fund plans to spend $751 million on capital projects this year, with more than half of the funds designated for a Danish storage acquisition that closed this month, the company announced Monday.
February 6, 2012 [OPIS] - Alon USA Energy has approached several West Coast oil players to take over their oil products storage tank space at Kinder Morgan's Carson terminal in Los Angeles, but the offers for tank sublet or takeover of contract have failed to garner any interest so far, traders told OPIS on Tuesday.
February 6, 2012 [Market Watch] - CB&I announced today that it has been awarded a contract, valued in excess of US$60 million, by Battleground Oil Specialty Terminal Company, LLC (BOSTCO) for the engineering, procurement, fabrication and construction of storage tanks and associated works for its grassroots black oil storage terminal on the Houston Ship Channel.
February 3, 2012 [The Telegraph] - Rumours that a huge credit facility was being put in place were the first signal to the market that the mining mega-deal it had been anticipating for years was finally in play.
February 1, 2012 [Reuters] - Sinopec Group, parent of top Asian refiner Sinopec Corp, has begun operating a 20 million-barrel crude oil reserve base in northern China, the official Xinhua news agency said on Wednesday.
February 1, 2012 [LiveMint.com] - Royal Vopak N.V. and Stolt-Nielsen Ltd, two of the world’s biggest operators of bulk liquidstorage terminals, plan a joint venture to build a $120 million (approximately Rs.600crore) storage terminal at Mundra in Gujarat.
February 1, 2012 [The CLH Group] - The CLH Group is to invest around 100 million euros throughout 2012, which will be spent on expanding and improving the company's infrastructures.
February 1, 2012 [ITC Rubis] - ITC Rubis Terminal Antwerp is pleased to announce the start of the construction of an additional 39.000 cubic metres storage capacity for chemicals at its facility in Antwerp - Left Bank.
January 30, 2012 [Individual.com] - The private sector will participate in building 14 oil storage tanks with the capacity of holding 10 million barrels of oil in the Iranian port city of Ganaveh, the Islamic Republic News Agency (IRNA) quoted an official as saying.
