JAPAN: Vopak sells off stake in joint venture firm owning five storage terminals

(EnergyAsia, May 31 2016, Tuesday) — Continuing its divestment of global assets to boost competitiveness, Dutch oil and chemical logistics giant Royal Vopak said it has sold off its 40% stake in Nippon Vopak Company Limited that owns and operates five storage terminals in Japan. The Rotterdam-based firm said it will realise a gain of…

This article is for Subscriber members only.
Log In Register

INDIA: Plans underway to jointly develop oil storage, downstream projects with Middle Eastern producers

(EnergyAsia, May 24 2016, Tuesday) — India is hoping to secure oil storage investment deals with Iran, Saudi Arabia, the UAE and Kuwait to enhance its own energy security as well as bolster political, economic and military ties with the Middle East.

This article is for Subscriber members only.
Log In Register

FUJAIRAH: Concord Energy on track to start up crude and oil products storage by mid-2018

(EnergyAsia, May 23 2016, Monday) — Concord Energy, a Singapore-based energy trader and developer of oil infrastructure assets, said it is on course to construct and start up its second oil storage terminal in Fujairah by mid-2018. The Concord Oil Terminal will have the capacity to store up to 1.1 million cubic metres of crude and oil products to add to the Fujairah Oil Terminal’s (FOT) 1.2 million cubic metre capacity that was commissioned in early 2015.

This article is for Subscriber members only.
Log In Register

EAST ASIA: Region positioned to grow economy, fight climate change and improve energy security, says World Bank

(EnergyAsia, May 17 2016, Wednesday) — The governments of six East Asian countries are positioned to achieve a difficult trio of objectives: grow their nation’s economies, mitigate climate change and improve energy security, said the World Bank.

This article is for Subscriber members only.
Log In Register

CLIMATE: World leaders signed Paris agreement, carbon pricing deal to slow down global warming

(EnergyAsia, May 15 2015, Monday) — The world faces a tough struggle to slow down global warming despite last month’s signing of an agreement by 175 countries to keep global temperature from rising between 1.5 and two degree Celsius above pre-industrial levels around 1750.

This article is for Subscriber members only.
Log In Register