Sinopec Group

One day in Singapore

CONFERENCE REPORT Delegates at the T9 Oil and Chemical Networking Event, held this past March 28 in Singapore, were brought up to speed on developments and plans in the Asia-Pacific region and beyond. Rahita Elias reports on the highlights of an interesting day

Singapore storage terminal

Sinomart buys slice of Vesta

Mercuria Asset Management has sold a 50 per cent share in its Vesta Terminals operation to Sinomart, a wholly owned subsidiary of Sinopec Kantons Holdings.

Climate for growth

EXPANSIONS This year’s annual round-up of expansion work at the world’s bulk liquids storage terminals is similar in extent to last year’s and many of the key drivers for growth remain unchanged

Verwater Termina atl ETT3 pictured in 2011

Ready and waiting

EXPANSIONS Relatively unscathed by the dramatic economic downturn that has hit operators elsewhere in the supply chain, terminal operators around the world continue to invest

More work for Sinopec

China’s Sinopec Group is planning to build a refinery and crude oil storage facility in Guangxi, China. The $1.53bn agreement with the city of Beihai anticipates construction of a 3.2m tonne crude oil storage facility along with an oil dock at the port of Weizhou. The project includes a refinery and two pipelines. One pipeline will deliver oil products from Beihai to the regional capital of Nanning and the other will deliver crude oil from the port of Tieshan to Zhenjiang.

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