Singapore: the place to be

Logistically driven operations are the key to the success of the independent storage business in Singapore. Large volumes of crude flow in, large volumes of refined products flow out, and – a fairly recent trend – substantial volumes of refined products flow in and out, in a balancing trade between Singapore and the new refineries of Asia’s high-growth countries. If it were not for terrorism and the resulting downturn of the last quarter, 2001 would have been a record year for Singapore’s oil movements, Martin Quinlan writes.