Royal Dutch shell plc of Singapore had constructed two
additional crude oil tanks at its 500,000 barrels per day Bukom refinery
off the southern shore of Singapore in June. The company expects that oil
products demand is likely to increase globally in the next 20 years, and
aims to strengthen its flexibility in oil trading by investing in tank
storage and logistics facilities not only in Singapore but also in
Rotterdam and the US Gulf.
Shell's storage capability increases by around 1.3 mil
barrels with this expansion. Furthermore, adopting automatic welding
technology, welding time has been shortened by 60％
compared to before, leading to cost reduction.