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Mother said Josh Powell threatened her
DUBAI, United Arab Emirates, May 28 (UPI) -- Emirates National Oil Co. is to expand its oil storage and shipping facilities in Malta.
ENOC subsidiary Horizon is to expand an oil storage terminal in Malta as well as construct a pier for very large crude carriers and two for vessels up to 120,000 deadweight tons, Gulf News reported Friday.
The terminal is near the Marsaxlokk Port. Horizon declined to provide financial details of the project.
Energy information provider Platts Middle East Editor Kate Dourian commented: "The move makes sense geographically and positions Horizon at the gateway into Europe and North Africa. I also think this is part of a longer-term strategy. Demand is flat in Europe at the moment and refineries are either cutting back or shutting down. Horizon will probably stock up on products until the market improves."
Malta is a hub for shipping lines, being located at the crossroads of some of the world's busiest routes that carry more than 120 million tons annually of oil products.
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