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Energy Ports

The government of the Australian state of New South Wales is contemplating a privatisation of the Port of Newcastle, which calls itself the world’s largest coal export port.

Oiltanking and Gunvor have announced that they are to build a green field terminal on the island of Karimun, Indonesia. The facility, which will have an initial petroleum storage capacity of 760,000 cbm, is expected to be operational by the second quarter of 2015.

Rotterdam remained the busiest European port last year as its cargo throughput increased by 1.6% to 441.5 million tonnes, according to statistics published today by the port authority.

Singapore’s Liquefied Natural Gas (LNG) terminal has received its first cargo and started commercial operations. The S$1.7bn terminal on Jurong Island has an initial throughput capacity of 3.5 million tonnes per annum.

The state government of Tamaulipas, in north-eastern Mexico, says that its Atlantic ports will benefit from investments of more than 5.5 billion pesos ($450M) as part of a joint strategy with the federal government which opens the door to a participation of the private sector.

The Port of Barcelona inaugurated a new oil terminal earlier this month.

Morocco is building a new port in Safi, on the Atlantic coast, which will comprise a coal terminal and a phosphate hub. King Mohammed VI launched the works on Friday.

Grindrod, the majority shareholder in the Matola coal terminal, will be investing $800 million to expand the capacity of the Mozambican facility.

Oman Oil Refineries and Petroleum Industries Company (Orpic) plans to invest around $5 billion in infrastructure over the next five years, including about $3 billion to set up a steam cracker and polyethylene plant at the Port of Sohar, reports the “Oman Daily Observer” today.

Canadian refining company Irving Oil has acquired one third of the Norcan oil terminal in Montreal.


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