March 7, 2017 [Reuters] - Sinopec Corp is expected to start operating by June a new commercial crude oil tank farm in the southern Chinese city of Zhanjiang, where a large strategic reserve site is also under construction, three industry sources said this week.
March 6, 2017 [TankTerminals.com] - This list is a weekly summary of tank storage opportunities across multiple locations. All enquiries will be handled by an independent team of Rotterdam-based brokers, who will look for suitable storage to allocate your bulk liquid cargo.
March 6, 2017 [OPIS] - Despite a slowing economy, high debt levels and overcapacity for some chemicals, China will continue its dominance of the global petrochemical marketplace, both in terms of consumption and production, but growth will moderate during the next few years, according to analysis from IHS Markit.
March 3, 2017 [The Sun Daily] - Petrol One Resources Bhd’s (PetOne) support services agreement with China’s Dalian Jinzhou Heavy Machinery Co Ltd looks to be the first significant development towards the revival of the long-stalled Asia Petroleum Hub (APH) project which ran into financial difficulties in 2010.
March 3, 2017 [OPIS] - VTTI BV (VTTI), a global joint-venture logistics company between Vitol and Buckeye, said on Thursday that it plans to buy out its master limited partnership vehicle due to VTTI Energy Partners shares trading below expectations.
March 3, 2017 [OPIS] - Kinder Morgan Inc. (KMI) said that that investment funds managed by EIG Global Energy Partners (EIG) have bought a 49% joint venture share in Elba Liquefaction Company (ELC), which will own 10 liquefaction units and other ancillary equipment to be constructed as part of the Elba Liquefaction Project at Kinder Morgan's Elba Island LNG facility near Savannah, Ga.
March 2, 2017 [OPIS] - Venture Global LNG said that its subsidiaries Venture Global Plaquemines LNG and Venture Global Gator Express have completed the preliminary review process with FERC and have now submitted the formal application requesting FERC's authorization to site, construct and operate the Plaquemines LNG export terminal and the Gator Express pipeline system in Louisiana.
March 1, 2017 [OPIS] - The regional middle distillate deficit for Europe, including Turkey, is estimated to be just over 1 million b/d in the first quarter of 2017, rising to 1.1 million b/d in the second quarter as refinery maintenance curbs supply.
March 1, 2017 [OPIS] - A new report from the International Energy Agency (IEA) identifies Mexico's energy security as one of the key issues that needs be addressed amid the country's ongoing energy reform.
February 28, 2017 [TankTerminals.com & EasyFairs] - More than 200 organisations, including Honeywell, Emerson Automation Solutions, Verwater, Endress+Hauser, Siemens and Silverwing have already booked stands for StocExpo Europe 2017, with many confirming that they will be using the show to launch new products and services.