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Oil trading growing in region: Vopak

Giant oil storage operator sees Singapore and southern Malaysia looking more like leading global Dutch-Belgian oil trading hub.

Mr van der Voort said for the hub here to develop further, what's needed is collaboration among port authorities, customs, and port services in the region.

THE region around Singapore is closer to becoming like the world's largest oil trading hub Amsterdam-Rotterdam-Antwerp (ARA), after pricing benchmarks for oil products earlier this year erased the distinction between loading points between Singapore and southern Malaysia.

The move by oil