Designed to serve the growing demand for petroleum products in Asia, Oiltanking Karimun promises to be a key player in the competition for efficient storage
Strategically positioned in the Singapore Straits and perfectly placed to participate in Platt’s trading environment, Oiltanking Karimun is the manifestation of the company’s continued investment in the region to maintain its competitive advantage.
Sitting just outside Singapore, where land scarcity is significantly constraining new terminal developments, the new terminal serves the growing demand for petroleum products in Asia with 730,000 m3 of capacity.
The facility, a joint venture between Oiltanking and Gunvor Group, recently received 60,000 metric tonnes of petroleum and petroleum components.
An attractive proposition is the fact that the facility in Indonesia has a glut of ready-to-build land to allow for further expansion. The region is still grappling with market imbalances including refinery closures in Japan and ...