SOURCE: Industrial Info Resources

Industrial Info Resources

January 26, 2011 05:00 ET

Increased Refining Capacity Calls for More Terminals in Singapore, an Industrial Info News Alert

TOKYO--(Marketwire - January 26, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Singapore's three main refineries, owned by ExxonMobil Corporation (NYSE:XOM) (Irving, Texas), Singapore Refining Corporation (SRC) (Singapore) and Royal Dutch Shell plc NYSE:RDS.A) (The Hague, Netherlands), have a throughput capacity of about 1.4 million barrels per day (BBL/d). SRC is a joint venture of Chevron Corporation (NYSE:CVX) (San Ramon, California) and PetroChina Company Limited (NYSE:PTR) (Beijing). As Singapore's refinery capacity increases, so does its need for more petroleum storage terminals.

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