1.
Sex tape spliced into graduation video
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.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
LINCOLN, Neb., June 1 (UPI) --
The top court in Nebraska declined to hear a challenge from three private land owners challenging the state's authority over the Keystone XL oil pipeline.
|
CANBERRA, Australia, June 1 (UPI) --
The Australian army's fleet of Tiger armed reconnaissance helicopters are back flying regular training duties after a suspension earlier this month.
|
FHA foreclosures rose 73 percent in April, driven primarily by defaults of loans made in 2008 and 2009 vintage loans, raising new questions about the solvency of the popular government program, which accounts for about a third of all new mortgages....
|
Just what the Republican strategists ordered: The unemployment rate ticked up in May to 8.2 percent, the Labor Department said.
|
| Stories | Photos | People | Comments |
View Caption
