UAE, Malaysia Sign Crude Storage Deal
With land scarcity hindering expansion of Singapore storage, Middle East producers are developing storage hubs in other Asian centers – in part motivated by a need to solidify the Middle East’s grip on the Asian market as Russia expands its East Asia hydrocarbons presence.
On 12 March, Shaikh Muhammad bin Zayid Al Nuhayyan, Crown Prince of Abu Dhabi, and Malaysian PM Najib Razak signed two...