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Adnoc leases Singapore fuel oil storage for first time
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Adnoc leases Singapore fuel oil storage for first time
The global trading arm of Adnoc is leasing fuel oil storage in Singapore for the first time, five market sources said, part of the UAE-backed oil and gas producer’s plans to boost trade volumes in Asia. Adnoc Global Trading, or AGT, has signed a lease for about 160,000 cubic metres of fuel oil storage capacity at the Jurong Port Universal Terminal, the largest onshore terminal for storage of the residue fuel in the city state, two of the sources…
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