Shell expands Bukom refinery storage by around 1.3m barrels

Singapore

SHELL has increased the storage capacity at its Singapore Bukom refinery by nearly 1.3 million barrels by building two large crude oil tanks.

Increasing its storage capacity on the island gives the oil major greater flexibility in optimising its oil-trading activities; the move is also aimed at sharpening the company's competitiveness through storage and logistics investment in its core refineries, on the back of expected increases in demand for oil products in the region and globally over the next two decades.