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Latest storage news


Terminal News
October 29, 2018
Fujairah: Oil product stocks up 5.8%
As of Monday, October 22 total oil product stocks in Fujairah stood at 21.612 million barrels – up by 5.8% week on week. Combined product stocks are at their highest since August 14, 2017. Stocks of light distillates rose by 8.8% week on week to 8...

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As of Monday, October 22 total oil product stocks in Fujairah stood at 21.612 million barrels – up by 5.8% week on week. Combined product stocks are at their highest since August 14, 2017.

Stocks of light distillates rose by 8.8% week on week to 8.886 million barrels – a record high since the start of weekly inventory reporting in January 2017. Gasoline market sentiment remains weak due to continued movement of European gasoline into the East of Suez. 'The balance is coming from outside [...] people are bringing in cargoes from the Mediterranean,' a source based in the Middle East said. Demand remains present, with Kuwait's KPC and Pakistan's PSO issuing fresh buy tenders this past week, but this is outweighed by heavy supply fundamentals. 'On the whole, sentiment in the gasoline market is bearish. Although the demand side seems stable, the supply side does not look good with arbitrage cargoes [from the West] coming in and adding on to the high inventories [in Asia],' a Singapore-based trader said.

Stocks of middle distillates were almost unchanged week on week at 4.353 million barrels. Inventories remain at their highest since March 27, 2017. Gasoil continues to see building positive sentiment, based mainly on the strength of Asian demand. Asian gasoil supply has been constrained by refinery maintenance, even as North Asian bunker, barge and fishing sector requirements and Australian mining industry demand remained robust. Asian demand has drawn in gasoil volumes from the Middle East and India, largely offsetting a lack of arbitrage flows to the West.

Stocks of heavy distillates and residues rose by 5.8% week on week to 8.373 million barrels – a nine-week high. Bunker demand in Fujairah is expected to pick up as flat prices have declined in line with crude. Brent futures fell by 4% overnight to an eight-week low of $76.44/b yesterday. 'With prices moving down so much today, demand for bunkers increased, with more buyers coming out to purchase,' one bunker supplier said. In addition to improved demand, some supply tightness was seen due to the snapback of US sanctions on Iran, which is traditionally the key supplier of fuel oil to Fujairah.



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Terminal News
October 29, 2018
IEnova & Marathon Petroleum reach storage capacity agreement
IEnova has signed an agreement with Marathon Petroleum for 50% of the initial capacity of its marine terminal in Topolobampo, Sinaloa, Mexico.IEnova will be responsible for all aspects of project implementation of the marine terminal for the receipt, storage and delivery of refined products...

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IEnova has signed an agreement with Marathon Petroleum for 50% of the initial capacity of its marine terminal in Topolobampo, Sinaloa, Mexico.

IEnova will be responsible for all aspects of project implementation of the marine terminal for the receipt, storage and delivery of refined products.

With an IEnova investment of $150 million, the marine terminal is expected to begin commercial operations in the last quarter of 2020.

The facility will enable Marathon Petroleum to supply gasoline and diesel to its growing network of ARCO-branded service stations in the states of Sinaloa and Sonora. This facility will enhance supply options, improve logistics and increase refined products supply reliability on the west coast of Mexico, which will translate into benefits for consumers in the region.



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Terminal News
October 29, 2018
ENOC’s jet fuel pipeline to be operational in 2020
ENOC's jet fuel pipeline linking its storage terminals in Jebel Ali to Al Maktoum International Airport in Dubai South is due to be operational in the first quarter of 2020.Construction on the 16.2km pipeline has exceeded 20% and it is due to be complete in time for Dubai Expo 2020...

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ENOC's jet fuel pipeline linking its storage terminals in Jebel Ali to Al Maktoum International Airport in Dubai South is due to be operational in the first quarter of 2020.

Construction on the 16.2km pipeline has exceeded 20% and it is due to be complete in time for Dubai Expo 2020. Once complete, the pipeline will carry 2,000 m3 of jet fuel per hour to Al Maktoum International Airport, which is billed to be the world's largest, and will help meet the demand for aviation services from a significant proportion of the international visitors to the expo.

Hi Excellency Saif Humaid Al Falasi, group CEO of ENOC, says: 'The jet fuel pipeline connecting to Al Maktoum International Airport is one project that reiterates our commitment to elevate our country's key infrastructure. The completion of the project will strengthen the supply of jet fuel to Al Maktoum International Airport and meet the needs of airlines connecting the city to the world.'

The pipeline will meet the demand for jet fuel at Dubai Airports up until 2050. ENOC currently supplies jet fuel to Dubai International Airport through two jet fuel pipelines.



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Terminal News
October 24, 2018
Fluxys & Novatek form JV for German LNG terminal
Fluxys and Novatek have formed a JV to build a LNG terminal in Rostock, Germany.The companies aim to construct the facility, which will have an import capacity of 300,000 million tonnes per annum by 2022.The mid-sized terminal will receive LNG carriers from a liquefaction facility, which Novatek is currently building in the port of Vysotsk near St Petersburg...

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Fluxys and Novatek have formed a JV to build a LNG terminal in Rostock, Germany.

The companies aim to construct the facility, which will have an import capacity of 300,000 million tonnes per annum by 2022.

The mid-sized terminal will receive LNG carriers from a liquefaction facility, which Novatek is currently building in the port of Vysotsk near St Petersburg.

The Rostock project is one of two LNG terminals currently under consideration in Germany.

Additionally, a German-Dutch joint venture is planning a large facility near the coast of the North Sea by Hamburg.



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Terminal News
October 24, 2018
JupiterMLP secures funding for Texas pipeline
JupiterMLP has secured funding to build a one million barrel per day capacity Jupiter Pipeline from the Permian Basin to the Port of Brownsville, Texas.It is expected to be operational in late third quarter of 2020 with origination points near Midland, Pecos and Crane, Texas, and offtake points near Three Rivers, Texas...

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JupiterMLP has secured funding to build a one million barrel per day capacity Jupiter Pipeline from the Permian Basin to the Port of Brownsville, Texas.

It is expected to be operational in late third quarter of 2020 with origination points near Midland, Pecos and Crane, Texas, and offtake points near Three Rivers, Texas. The engineering, design and right-of-way planning for the pipeline has been completed.

It will be the only pipeline out of the Permian Basin that can access all three deep water ports in Texas and will have direct access to a fully capable VLCC loading facility.

The investment by Charon System Advisors follows an announcement in May from Jupiter, saying it has secured all initial governmental and regulatory permits to load and unload vessels of up to 65,000 deadweight tonnes or Panamax sized vessels at the Jupiter Export Terminal. Jupiter has already secured permits to construct more than 2.8 million barrels of storage in Brownsville and has additional permits on file to increase its storage footprint to more than six million barrels of the potential 10 million barrels of storage capacity.

Jupiter is in the final stages of securing a permit to construct a 170,000 barrel per day processing facility designed to process light US shale crude into on-spec US gasoline and ultralow sulphur diesel.

Tom Ramsey, CEO of Jupiter, says: 'From our first purchase crude oil business and Jupiter Transport trucking company, to construction of the Jupiter pipeline, its connections in the Permian and the ability to load VLCCs offshore near Brownsville, we are executing on our long-term, global strategy of connecting the 'Wellhead to the World'.'



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Terminal News
October 24, 2018
Saudi Aramco signs 15 MoUs worth more than $34 billion
Saudi Aramco has signed 15 MoUs, strategic & commercial collaborations worth more than $34 billion with 15 international partner companies and entities.The collaborations reflect the range and ambition of the company's business interests, reinforcing its position as the world's prominent energy & chemicals company...

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Saudi Aramco has signed 15 MoUs, strategic & commercial collaborations worth more than $34 billion with 15 international partner companies and entities.

The collaborations reflect the range and ambition of the company's business interests, reinforcing its position as the world's prominent energy & chemicals company.

The MoU's reflect both Saudi Aramco's and the Kingdom's international partnership strategies and the determination to diversify the economy and enhance the domestic investment environment.

The MoU's cover business units including downstream, offshore and engineering. A number of these MoU's will enhance the In-Kingdom total value add programme, the company's flagship initiative to improve the domestic supply chain, its operations and its employment potential.

The MoU's and commercial collaborations are:

- MOU with Total to launch engineering studies to build petrochemical complex in Jubail, KSA

- MOU with Total regarding the potential establishment of a retail service station network

- MOU with Hyundai Heavy Industries regarding potential HHI investments in King Salman International Maritime Complex for Industries and Services at Ras Al Khair

- MOU with Baker Hughes

- MOU with Schlumberger

- MOU with Halliburton

- MOU with Oilfield Supply Centre

- MOU with Flex-Steel to invest in RTP reinforced thermoplastic pipe facility

- MOU with NPCC (National Petroleum Construction Company, UAE) to invest in a fully integrated fabrication yard and marine base

- MOU with SeAH Changwon Integrated Specialty Steel to invest in localisation of engineering steel

- MOU with GumPro (India) to invest in drilling chemicals facility

- MOU with Acwa Power (KSA) and Air Product (USA) regarding the Jazan Refinery gasification power project

- MOU with Sumitomo (Japan) regarding potential investments to upgrading PetroRabigh Refinery

- MOU with Norinco (China) regarding potential investments in refining and chemicals projects

- MOU with NOV (US) to invest in manufacturing and repair of onshore rigs and equipment



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Terminal News
October 24, 2018
Targray launches new biodiesel terminal
Targray has officially opened its Fargo Biodiesel Terminal a 24/7 fuel distribution centre in North Dakota.The new terminal will provide local fuel retailers, distributors and fleet managers with greater access to biodiesel.In May 2018, Minnesota began requiring that all diesel fuel sold in the state contain at least 20% biodiesel...

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Targray has officially opened its Fargo Biodiesel Terminal a 24/7 fuel distribution centre in North Dakota.

The new terminal will provide local fuel retailers, distributors and fleet managers with greater access to biodiesel.

In May 2018, Minnesota began requiring that all diesel fuel sold in the state contain at least 20% biodiesel. The minimum content for the remainder of the year is 5%.

Samy Cozma, Targray Biofuels trader, says: 'The Fargo terminal is an important addition to our national biodiesel solution for businesses operating in Fargo-Moorhead, one of the country's fastest growing metropolitan areas.'

Cozma adds that the new terminal will help address the increased demand for biodiesel in northwest Minnesota, stemming from the state's recently amended biodiesel mandate.



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Terminal News
October 23, 2018
Pin Oak reaches vessel agreement with Port of Corpus Christi
Pin Oak has announced the execution of a ten-year agreement for Suezmax vessels with the Port of Corpus Christi.The exclusive use agreement at Public Oil Dock 14 includes extension options, which could extend the deal for another ten-years.In addition to Suezmax vessels, Pin Oak will be able to efficiently load and unload Aframax, Panamax and other smaller vessels and barges...

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Pin Oak has announced the execution of a ten-year agreement for Suezmax vessels with the Port of Corpus Christi.

The exclusive use agreement at Public Oil Dock 14 includes extension options, which could extend the deal for another ten-years.

In addition to Suezmax vessels, Pin Oak will be able to efficiently load and unload Aframax, Panamax and other smaller vessels and barges.

This agreement follows the start of construction works on Pin Oak's nine pipelines crossing under the Corpus Christi Ship Channel, eight of which will connect to the dock. The dock is designed to load product at a minimum rate of 40,000 barrels per hour, and it will include three 12-inch diameter purpose-built loading arms to efficiently load crude oil onto Suezmax vessels.

Pin Oak currently has contracted more than two million barrels of crude oil storage, supported by long-term, third-party contract, with the ability to expand its capacity on an as-needed basis.

C. Mike Reed, CEO of Pin Oak Holdings, says: 'The Port of Corpus Christi constructed oil dock 14 in 2016 and we applaud their vision to invest in the necessary dock capacity to facilitate the expeditious flow of crude oil and products to domestic and global markets. We believe speed-to-market is imperative for our customers, and we are aligned with the Port of Corpus Christi to be ready for oil by the third quarter of 2019.'



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Terminal News
October 22, 2018
GPS, Innova & Chemie Tech to invest in UAE storage terminal
Global Petro Storage, Innova Refining Industries and Chemie Tech will invest in a greenfield terminal project in the Port of Hamriyah in the UAE.The terminal, underpinned by long-term commitments, will provide services for industrial reprocessing of waste oils, trading, import and bunkering...

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Global Petro Storage, Innova Refining Industries and Chemie Tech will invest in a greenfield terminal project in the Port of Hamriyah in the UAE.

The terminal, underpinned by long-term commitments, will provide services for industrial reprocessing of waste oils, trading, import and bunkering. Construction works started in October 2018 and the facility is due to be complete by late-2019.

This is GPS's first investment in the Middle East, which the company says is a key strategic hub that it plans to expand around.

GPS will hold the majority in the three-party joint venture company, GPS Innova, which will develop, own and operate the hydrocarbon storage terminal according to international standards.



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Terminal News
October 18, 2018
Fujairah: Oil product stocks high three-month high
As of Monday, October 15 total oil product stocks in Fujairah stood at 20.432 million barrels – up by 2.9% week on week. Stocks rose to a three-month high, reaching the 20 million barrel mark for the first time since time since July 16. Stocks of light distillates rose by 7...

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As of Monday, October 15 total oil product stocks in Fujairah stood at 20.432 million barrels – up by 2.9% week on week. Stocks rose to a three-month high, reaching the 20 million barrel mark for the first time since time since July 16.

Stocks of light distillates rose by 7.6% week on week to 8.165 million barrels – the highest total since April 2. Lights were the largest of the three reported stocks category for the first time since April 2. High stock levels are indicative of weak gasoline fundamentals in both the West and East. The Middle East continues to see constant inflows from an oversupplied European market. At least 1.11 million mt or around 9.42 million barrels of gasoline loading in October from the West of Suez will head to the Middle East, Asia and Australia following the widening of the East/West spread, market sources said. This is despite a bearish outlook in the Singapore market, which has recently seen gasoline cracks narrow to three-month lows.

Stocks of middle distillates edged up by 0.3% week on week to 4.354 million barrels. Stocks remain at their highest since March 27, 2017. East of Suez gasoil sentiment remains positive, despite a firm Exchange of Futures for Swaps spread effectively keeping barrels in the region and pushing supplies from India and the Middle East to Singapore. According to an industry source, 'Supply from North Asia [is] much less than August. EFS is strong, more Indian and Arab Gulf barrels [are] heading east, but easily absorbed'.

Stocks of heavy distillates and residues edged down by 0.3% week on week to 7.913 million barrels. Fujairah bunker fuel premiums continued to hold at range-bound levels from last week, as cargo supply is still tight even though the situation had eased compared to August and early September, trade sources said. Sentiment remains mixed amid continued uncertainty over the direction of crude prices.



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Terminal News
October 18, 2018
Total & Adani Group in agreement for Indian LNG terminals
Total and Adani Group have agreed to jointly develop multi energy offers, including new LNG infrastructure and service stations, to the Indian energy market.The strategic partnership between Total, and Indian private conglomerate Adani Group, which specialises in trading, port infrastructure as well as energy production and distribution, includes the creation of LNG regasification terminals as well as a new retail network of 1,500 service stations...

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Total and Adani Group have agreed to jointly develop multi energy offers, including new LNG infrastructure and service stations, to the Indian energy market.

The strategic partnership between Total, and Indian private conglomerate Adani Group, which specialises in trading, port infrastructure as well as energy production and distribution, includes the creation of LNG regasification terminals as well as a new retail network of 1,500 service stations.

Both companies will develop various LNG terminals, including Dhamra LNG, on the East coast of India as well as a JV to build the retail network over a period of 10 years on the main roads of the country.

Patrick Pouyanné, chairman and CEO of Total, says: 'India's energy consumption will grow among the fastest of all major economies in the world over the next decade. This partnership illustrates our joint commitment to assisting India to diversify its energy mix and to ensure a supply of reliable, affordable and clean energy to consumers.'

Adani Group chairman Gautam Adani adds: 'The collaboration enables us to associate with Total's century-old legacy, global presence, scale and unparalleled go-to-market expertise. The global synergy between the two groups presents widespread benefits and long-term value for the economy and the people of India.'



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Terminal News
October 17, 2018
Saudi Aramco completes Yanbu’ South Terminal upgrade
Saudi Aramco has competed the rehabilitation and upgrade project of the Yanbu' South Terminal, which adds an extra three million barrels per day of crude oil to its West Coast export capacity.The facility, located south of Yanbu' along the West Coast of Saudi Arabia, comprises a tank farm and offshore facilities to receive, store and load Arabian Light and Arabian Super Light crude oil...

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Saudi Aramco has competed the rehabilitation and upgrade project of the Yanbu' South Terminal, which adds an extra three million barrels per day of crude oil to its West Coast export capacity.

The facility, located south of Yanbu' along the West Coast of Saudi Arabia, comprises a tank farm and offshore facilities to receive, store and load Arabian Light and Arabian Super Light crude oil.

The company says that the rehabilitation and integration of the facility with the existing crude oil supply network reinforces its role as a reliable, global energy supplier.

Abdullah M. Al-Mansour, executive head of pipelines, distribution and terminals, says: 'The successful startup of the Yanbu' South Terminal is another milestone in reinforcing Aramco's goal to be the world's leading integrated energy and chemicals producer, operating in a safe, sustainable and reliable manner.'



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Terminal News
October 16, 2018
Tallgrass & Silver Creek to expand joint venture
Tallgrass Energy and Silver Creek Midstream are expanding their Powder River Basin JC to include pipeline and storage assets.The expanded JV, Power River Gateway, will own the Iron Hose Pipeline, the Powder River Express Pipeline and crude oil terminal facilities in Guernsey, Wyoming...

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Tallgrass Energy and Silver Creek Midstream are expanding their Powder River Basin JC to include pipeline and storage assets.

The expanded JV, Power River Gateway, will own the Iron Hose Pipeline, the Powder River Express Pipeline and crude oil terminal facilities in Guernsey, Wyoming.

Both Iron Hose and PRE will transport crude oil produced in the PRB from Silver Creek's Pronghorn Terminal to Guernsey, Wyoming, where the crude oil has access to Tallgrass' Pony Express crude pipeline system and two other existing takeaway pipelines.

Tallgrass will operate the JV and owns 51% of the Gateway with Silver Creek owning the rest.

The storage facilities collectively own over 340 acres, include 370,000 barrels of crude storage currently in-service and, once fully constructed, will include over one million barrels of storage.

When combined with Silver Creek's existing assets, it will own and operate 120 miles of existing pipeline and have more than 330,000 acres dedicated from top Powder River Basin producers. The company will further develop the exiting gathering and trunkline infrastructure by an initial 52 miles and more than 100,000 barrels of additional storage.

Tallgrass, which owns and operates Pony Express and is developing both the Seahorse Pipeline and Plaquemines Liquids Terminal projects, provides extensive downstream market access for PRB producers. Powder River Gateway intends to create joint tariffs with both Pony Express and Seahorse.

Tallgrass is pursuing multiple expansion projects on Pony Express to meet the needs of growing PRB production, which will be staged over the next few years.

Silver Creek founder and CEO J. Patrick Barley says: 'Silver Creek is pleased to expand our relationship with Tallgrass in the PRB. Their current and growing long-haul crude transportation capabilities combined with Silver Creek's gathering and transportation assets in the PRB position Powder River Gateway to be the most efficient and flexible transportation and terminal facility in the PRB, offering access to all Guernsey downstream markets.'



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Terminal News
October 16, 2018
Gibson Energy to expand storage capacity at Hardisty Terminal
Gibson Energy has announced plans to increase storage capacity at its Hardisty Terminal by one million barrels, underpinned by a long-term agreement.The construction of two new 500,000-barrel tanks, underpinned by a long-term agreement with an investment grade, senior oil sands customer, represents the third phase of development at the Top of the Hill portion of the Hardisty terminal...

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Gibson Energy has announced plans to increase storage capacity at its Hardisty Terminal by one million barrels, underpinned by a long-term agreement.

The construction of two new 500,000-barrel tanks, underpinned by a long-term agreement with an investment grade, senior oil sands customer, represents the third phase of development at the Top of the Hill portion of the Hardisty terminal.

This third phase, which will leverage certain infrastructure built as part of the prior phases, is expected to be in service in the first quarter of 2020.

The three phases currently under construction will add seven new tanks, representing an incremental 3.1 million barrels of storage and a 35% expansion of the Hardisty Terminal.

Steve Spaulding, president and CEO, says: 'With nearly a half-billion dollars of sanctioned growth capital relative to an annual target of $150 to $200 million, Gibson has secured the projects required to exceed our 10% growth target through to 2020.

'We also remain in discussions with several existing and potential customers regarding their needs for additional tankage and continue to expect we will sanction two to four tanks per year over the medium-term.'



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Terminal News
October 15, 2018
Green Plains Partners sells ethanol storage assets
Green Plains Partners will sell its storage and transportation assets to Green Plains for $120.9 million.The deal includes the transfer of railcar leases associated with the Lakota, Iowa, Bluffton, Ind and Riga, Mich ethanol facilities. These three plants account for 280 million gallons of nameplate capacity, which works out at 20% of Green Plains reported ethanol production capacity...

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Green Plains Partners will sell its storage and transportation assets to Green Plains for $120.9 million.

The deal includes the transfer of railcar leases associated with the Lakota, Iowa, Bluffton, Ind and Riga, Mich ethanol facilities. These three plants account for 280 million gallons of nameplate capacity, which works out at 20% of Green Plains reported ethanol production capacity.

A total of 525 railcars managed by Green Plains Partners are anticipated to be conveyed to Green Plains. Additionally, Green Plains Partners has entered into an amendment with Green Plains Trade Group to extend the ethanol storage and throughput agreement for three years.

Todd Becker, president and CEO of Green Plains Partners, says: 'The partnership is in a solid position to grow with availability under its credit facility and a renewed focus on expanding our footprint in the terminal business.'

The transaction is expected to close during the fourth quarter of 2018.



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Terminal News
October 11, 2018
South Africa storage terminal project progresses
Transnet National Ports Authority is due to start work on the second phase of a new liquid bulk facility project in November.During an update to stakeholders, executives confirmed that phase one of the infrastructure needed to service the site of the facility, which will be developed and operated by Oiltanking Grindrod Calulo Holdings, is now complete...

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Transnet National Ports Authority is due to start work on the second phase of a new liquid bulk facility project in November.

During an update to stakeholders, executives confirmed that phase one of the infrastructure needed to service the site of the facility, which will be developed and operated by Oiltanking Grindrod Calulo Holdings, is now complete. This includes a new access road as well as detailed design of the new port entrance plaza and the new main access road, including the pipeline servitude that will form the link between the new facility and the port.

Phase two comprises landside development, forming the link between the tank farm and the berth. The port authority will provide infrastructure for the new storage terminal by equipping a berth to function as a liquid bulk berth.

The concept engineering design and the relevant surveys have been completed and construction is due to start in November 2018. The facility will initially have 200,000 m3 of storage, with a final total capacity of 790,000 m3. The planned commissioning is at the end of 2020.

Phase one will cater for dedicated jetty pipelines, bulk storage for up to 200,000 m3, road loading with a vapour recovery unit as well as firefighting facilities and site drainage facilities. Provision has also been made for LPG storage.

In its update TNPA said that the facility has the potential to establish itself as a global transhipment and trading hub for West and East Africa. It will also reduce reliance on the Port of Durban for transhipments to coastal ports.

It is anticipated that the first phase of the project will take two years to complete and that the terminal at the Port of Ngqura will be operational by November 2020.



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Terminal News
October 11, 2018
Fujairah: Oil product stocks up by 3%
As of Monday, October 8, total oil product stocks in Fujairah stood at 19.859 million barrels. Inventories were up by 3% week on week to a near three-month high, mainly on the back of a jump in middle distillate volumes. Stocks of light distillates rose by 2...

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As of Monday, October 8, total oil product stocks in Fujairah stood at 19.859 million barrels. Inventories were up by 3% week on week to a near three-month high, mainly on the back of a jump in middle distillate volumes.

Stocks of light distillates rose by 2.1% at 7.586 million barrels, remaining at a three month high. The Middle East continues to be well supplied by gasoline from a weak European market. Gasoline inventories in the ARA hub stood at 1.09 million mt (9.12 million barrels) last week - 38.1% above year-ago levels - data from PJK International showed. 'The arb to the [Arab Gulf] is there, picking up in Q4 and Q1, expect to see more demand then,' one source said.

Stocks of middle distillates rose by 12.2% week on week to 4.339 million barrels. This is the highest level recorded for the category since March 27, 2017. Arbitrage to Europe remains limited due to low water levels along the Rhine, which is hampering the flow of barge supplies. This is backing up volumes into the ARA and limiting demand from the cargo market. Nevertheless, robust demand from the Singapore market still provides an outlet for Middle Eastern and Indian exports. Arab Gulf 10 ppm sulfur gasoil premiums in the Middle East eased following a recent tender from a UAE national oil company was heard concluded at around plus 80 cents/b to MOPAG Gasoil assessments.

Stocks of heavy distillates and residues were little changed, edging down by 0.5% to 7.934 million barrels. Bunker demand in Fujairah was mixed, with some suppliers citing brisk inquiries owing to a drop in flat prices, while others said that sentiment was still low. Brent Futures climbed to above $86/b a week ago, but have steadied at around $83-84/b in recent days. Notwithstanding the flat price volatility, demand is seen as slower compared to last month. 'Cargo supply is no longer as tight as compared with the first half of September," a Fujairah bunker trader said. "Off-spec issues boosted Fujairah sales that time [in August] but demand has since returned to usual levels,' the trader added.



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Terminal News
October 10, 2018
Saudi Aramco & BAPCO commission crude oil pipeline
Saudi Aramco and the Bahrain Petroleum Company have commissioned the AB-4 crude oil pipeline.The pipeline is part of plans to meet the Kingdom of Bahrain's growing energy demand and is capable of transporting up to 350,000 barrels per day of crude oil...

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Saudi Aramco and the Bahrain Petroleum Company have commissioned the AB-4 crude oil pipeline.

The pipeline is part of plans to meet the Kingdom of Bahrain's growing energy demand and is capable of transporting up to 350,000 barrels per day of crude oil.

The 112-kilometer-long pipeline originates from Saudi Aramco's Abqaiq Plants and terminates at the BAPCO refinery in Bahrain.

The pipeline consists of three segments, a 42km onshore Saudi segment, a 28km Bahrain onshore segment and a 42km offshore segment.

Abdullah Mansour, acting executive head of pipelines distribution and terminals at Saudi Aramco, says: 'The commissioning of AB-4 pipeline is another chapter in the special relationship between Saudi Aramco and BAPCO in several aspects including the energy sector that has flourished for more than 73 years and beyond.'



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Terminal News
October 9, 2018
PERN to expand Gdansk Oil Terminal storage capacity
PERN has announced plans to more than double storage capacity at its Gdansk Oil Terminal with the addition of five tanks.Launching a tender process, PERN plans to increase capacity at the facility by another 2.45 million barrels as part of its phased growth plans...

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PERN has announced plans to more than double storage capacity at its Gdansk Oil Terminal with the addition of five tanks.

Launching a tender process, PERN plans to increase capacity at the facility by another 2.45 million barrels as part of its phased growth plans. The first phase of construction is complete, according to the company, and comprises six storage tanks, each with 393,000 barrels of capacity, totally 2.35 million barrels.

It is due to complete the second phase by the third quarter of 2020.

Additionally, it also plans to expand its tank facility in Gorki Zachodnie with the addition of two storage tanks each with 630,000 barrels of capacity.

The storage tanks will be connected to the existing infrastructure of the tank farm in Gdansk and to the remaining pipeline infrastructure of the company. The company says this will 'give more possibilities for oil storage for the company's clients and greater operational capacity for handling vehicles coming to the North Port (PPPP Naftoport).



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Terminal News
October 9, 2018
Tender details released for Cyprus’ LNG import terminal
Tender documents for the design, construction and operation of Cyprus' new LNG import terminal have been released by DEFA.The LNG terminal will include a floating storage and regasification unit with at least 125,000 m3 of storage capacity to unload LNG from LNG carriers ranging from 120,000 m3 to 217,000 m3, a jetty for mooring the FSRU, a jetty borne gas pipeline and related infrastructure...

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Tender documents for the design, construction and operation of Cyprus' new LNG import terminal have been released by DEFA.

The LNG terminal will include a floating storage and regasification unit with at least 125,000 m3 of storage capacity to unload LNG from LNG carriers ranging from 120,000 m3 to 217,000 m3, a jetty for mooring the FSRU, a jetty borne gas pipeline and related infrastructure.

Following the completion of a feasibility study in 2016, the government of Cyprus decided to proceed with the facility for the import, storage and regasification of LNG facility near Lemesos.

The facility will be complete by 2020 and has secured a funding of 40% of the CAPEX, up to €101 million as a grant from the EU under the Connecting Europe Facility financial instruments.

Symeon Kassianides, chairman of DEFA, says: 'This is an important milestone for DEFA, and for the people of Cypris, who will soon benefit from the cost savings and environmental benefits from the us of natural gas. We expect to issue a request for expressions of interest for the supply of LNG in the coming weeks and a full tender early in 2019.'



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