(EnergyAsia, April 21 2010, Wednesday) — Competition from Russia is prompting Middle Eastern oil producers to boost onshore crude oil storage capacity in Asia. Cheaper and higher quality crude oil from Russia through the East Siberia-Pacific Ocean (EPSO) pipeline is threatening to undercut Middle East producers in key markets such as China, India, South Korea…
MIDDLE EAST: Russian competition prompts crude storage thrust in Asia
Posted on April 20, 2010 by EnergyAsia