A brand new blog featuring news, interviews and features from the oil and chemical companies, traders, ports and tank terminal operators at the forefront of the industry’s biggest and best projects. Brought to you by the editorial team at Tank Storage Forum.
As the Oman Oil Marketing Company (omanoil) celebrates its ten year anniversary it also confirms that the$50 million-bunkering terminal at Duqm port will be completed within two to three years. Addressing the media the company’s chief executive officer Eng Omar bin Ahmed Salim Qatan said “It is in the design stage and construction will start in 2014 and then it takes another two years to complete the project.”
omanoil recently signed two agreements — a bunkering licence and land lease pact — with Port of Duqm to develop a bunkering terminal and provide refuelling services at the port. This terminal will provide heavy fuel oil and marine diesel oil, as well as marine lubricants to ships calling at the port and surrounding waters.
Two announcements in this past week have again underlined the continued rapid development of Fujairah as an oil storage leader. A pipeline connecting the Port of Fujairah with Vopak Horizon Fujairah’s storage facility has begun operations, allowing the facility to load products onto 11 tankers at once, four more than previously. Whilst this announcement was followed up with plans that Fujairah is seeking investors to extend its port coastline by 500 metres into the sea to make room for new oil projects.
Tank World today welcomes guest contributor, Joost Smits of Systems Navigator to look at the business case for LNG bunkering using the fictional regasification terminal ‘SN LNG’ as an example. In this detailed and free to download White Paper (see below), Joost outlines the business case and guides the facility on a journey through this expanding and innovative area of storage.
SN LNG (our fictional terminal) is considering investing in bunkering equipment to allow bunkering operations, but is not sure what the impact is of bunkering operations on current terminal processes. The commercial department of SN LNG needs input from the project team regarding the maximum contracted send out they can promise to terminal clients, while the port where SN LNG is located is interested in learning how many vessels SN LNG can accommodate for bunkering operations without disrupting unloading operations.
One of the major trends within tank storage in 2013 has been a greater focus on both safety and staff training with increasing amounts of money and resource directed into this area. And its no surprise considering the International Labor Organization estimates that every 15 seconds worldwide, a worker loses his or her life due to a work-related injury or illness. Whilst in the US alone more than 650 workers died in the United States last year as a result of falls, slips or other missteps in the workplace, according the U.S. Bureau of Labor Statistics. One of the leaders in educating customers and policy makers on the importance of workplace safety and prevention of serious accidents is Honeywell, who earlier in the year opened a first-of-its-kind Life Safety Training and Customer Experience Center (CEC) in Houston, USA.
Today we focus on the first bulk chemicals storage and handling terminal built on the Egyptian Mediterranean coast, the Alexandria Chemicals Terminal. The development of the terminal began in 2004 when Obegi Chemicals and Samir Fahmy Group saw a need for a dedicated terminal emerging from the increasing demand for bulk chemicals in Egypt of which 95% were imported. Not only did this put high costs on the local manufacturers but also increased prices for consumers. After careful selection, Alexandria was chosen for its ideal situation for importation and distribution logistics and proximity to the industrial areas in the northern part of the country.
Storage Tanks at Nakhodka Terminal, Primorsky Territory, Russia (Photo courtesy of Rosneft)
In the first of a series of articles focussing on nations involved in the tank storage industry we journey to Russia – the third-largest producer of oil (after Saudi Arabia and the United States) in the world and a nation that is highly dependent on its hydrocarbons. Oil and gas revenues accout for more than 50% of the federal budget revenues. Following the collapse of the USSR Russia’s petroleum output fell sharply, but rebounded as the country transitioned from communism to capitalism. Russia is both a major producer and exporter of oil, and its economic growth since the collapse of communism has been driven by energy exports, to such an extent that a recent report from PFC Energy stated that over 70% of total export revenues came from oil and gas.
Visakhapatnam Port, soon to be allied with a large oil storage facility, India’s first.
India, a nation that is 79 per cent dependent on imports to meet its crude oil needs is building its first strategic oil storage facility. Underground storages at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka in Southern India are set to store about 5.33 million tonnes of crude oil, enough to meet India’s oil requirements for 13 days.The Visakhapatnam facility will have the capacity to store 1.33 million tonnes of crude oil in underground rock caverns or cavities which are almost ten storeys tall and approximately 3.3 km long. The facility at Mangalore will have a capacity of 1.55 million tonnes and Padur facility will have 2.5-million tonnes storage.