Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:57 PM

GasBuddy News Article

63
votes
Oman considers major oil storage outside Hormuz strait

Khaleej Times(Reuters) -- Oman is considering building a facility to store up to 200 million barrels of crude safely outside the Strait of Hormuz, the head of a state-run oil investment company said on Wednesday.
The proposed facility would be larger than any other tank farm in the world. Working crude storage capacity at Cushing in the United States is around 62 million barrels.

Iran has repeatedly threatened to block the narrow shipping lanes between Oman and Iran through which over a third of all sea-borne traded oil is shipped each day, as tensions with the West over Teheran’s nuclear plans have intensified.

Oman is now studying whether there is still enough interest from oil producers and traders to merit building a storage complex on the Arabian Sea coast of south-east Oman.


Read the Full Article

Submitted Oct 15, 2012 By: NOTSOGRN
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oman considers major oil storage outside Hormuz strait Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,985
Points:2,221,965
Joined:Nov 2008
Message Posted: Oct 17, 2012 4:54:45 AM

probably a safer choice.
Profile Pic
fuel2use
Champion Author Seattle

Posts:5,557
Points:1,245,150
Joined:Dec 2010
Message Posted: Oct 16, 2012 4:36:05 PM

Might work.
Profile Pic
Skimo2012
Rookie Author Cleveland

Posts:85
Points:104,710
Joined:Jun 2012
Message Posted: Oct 16, 2012 4:01:48 PM

End up being another target to strike.
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,404
Points:1,188,350
Joined:Sep 2011
Message Posted: Oct 16, 2012 12:35:02 PM

Thank you for posting.
Profile Pic
gas4433
Champion Author Houston

Posts:3,344
Points:1,076,185
Joined:Sep 2011
Message Posted: Oct 16, 2012 11:40:15 AM

Ok
Profile Pic
arb0526
Champion Author Greensboro

Posts:2,781
Points:582,685
Joined:Mar 2011
Message Posted: Oct 15, 2012 11:06:00 PM

go with natural gas and the price of oil will bottom out...thus solving this problem.
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:5,345
Points:1,275,050
Joined:Jan 2010
Message Posted: Oct 15, 2012 11:05:55 PM

Old News
Profile Pic
PrinceLH
Champion Author Ontario

Posts:5,332
Points:1,148,920
Joined:Jun 2011
Message Posted: Oct 15, 2012 11:01:32 PM

Good!
Profile Pic
diesel8888
Champion Author Salt Lake City

Posts:3,460
Points:938,885
Joined:Nov 2011
Message Posted: Oct 15, 2012 11:01:06 PM

Ok
Profile Pic
iamforiu
Champion Author Indiana

Posts:6,219
Points:1,322,415
Joined:May 2011
Message Posted: Oct 15, 2012 10:59:59 PM

k
Profile Pic
radiorumor
Champion Author Texas

Posts:5,310
Points:1,357,225
Joined:Feb 2011
Message Posted: Oct 15, 2012 10:59:33 PM

Maybe we could get ahead again by converting the Grand Canyon
Profile Pic
jim27106
All-Star Author North Carolina

Posts:962
Points:1,287,505
Joined:Feb 2009
Message Posted: Oct 15, 2012 10:59:03 PM

It would be smarter to build four 50 million barrel facilities. You never know when someone with a missle, bomber, or terrorist will strike. With four locations the risk is much less.
Profile Pic
crashintuc34
Champion Author Tucson

Posts:5,707
Points:1,146,235
Joined:May 2010
Message Posted: Oct 15, 2012 10:59:00 PM

If we were energy independent this would not matter to us.
Profile Pic
IUVidiot
Champion Author Indiana

Posts:6,225
Points:1,319,885
Joined:Jun 2011
Message Posted: Oct 15, 2012 10:58:36 PM

k
Profile Pic
getalong
Champion Author California

Posts:2,407
Points:431,405
Joined:Aug 2007
Message Posted: Oct 15, 2012 10:57:52 PM

sigh
Profile Pic
fullauto
Champion Author Reading

Posts:7,090
Points:1,873,645
Joined:Apr 2008
Message Posted: Oct 15, 2012 10:50:36 PM

safe?
Profile Pic
camel1
Champion Author Minnesota

Posts:10,852
Points:2,865,165
Joined:Jul 2006
Message Posted: Oct 15, 2012 10:47:34 PM

is it needed?
Profile Pic
veemotors
Champion Author Alberta

Posts:1,314
Points:106,975
Joined:Jun 2008
Message Posted: Oct 15, 2012 10:45:38 PM

ohhh
Profile Pic
us4usa
Champion Author Missouri

Posts:7,095
Points:1,493,920
Joined:May 2008
Message Posted: Oct 15, 2012 10:44:48 PM

We need to switch to NG vehicles... If Iran blocks the shipping lane that should be their last day on earth...

[Edited by: us4usa at 10/15/2012 11:45:15 PM EST]
Profile Pic
nehemiah
Champion Author Portland

Posts:6,345
Points:1,420,145
Joined:Jul 2007
Message Posted: Oct 15, 2012 10:44:26 PM

we need more alternatives, not this
Profile Pic
blazerbob91
Champion Author Milwaukee

Posts:7,090
Points:2,452,690
Joined:Aug 2005
Message Posted: Oct 15, 2012 10:40:46 PM

It will take years to construct.
Profile Pic
Blue48
Champion Author Illinois

Posts:9,951
Points:2,249,695
Joined:Feb 2007
Message Posted: Oct 15, 2012 10:39:57 PM

OK!
Profile Pic
AnObserver
Champion Author New Jersey

Posts:10,810
Points:2,834,315
Joined:Sep 2005
Message Posted: Oct 15, 2012 10:39:09 PM

Costly ... but maybe necessary in this corner of the world
Profile Pic
mrbee
Champion Author Little Rock

Posts:6,394
Points:3,076,030
Joined:Oct 2005
Message Posted: Oct 15, 2012 10:37:22 PM

Costly.
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Oct 15, 2012 10:35:03 PM

That is not a bad idea but don't let the crazies in Iran push you around - they need that strait as open as you do.
Profile Pic
menagerie1013
Champion Author San Diego

Posts:2,365
Points:1,168,790
Joined:Apr 2011
Message Posted: Oct 15, 2012 10:33:07 PM

This affects us how?
Profile Pic
Jeeputtputt
Champion Author Ohio

Posts:3,027
Points:692,490
Joined:Aug 2009
Message Posted: Oct 15, 2012 10:23:16 PM

care?
Profile Pic
DeeLA
Champion Author Los Angeles

Posts:7,347
Points:1,965,085
Joined:Nov 2008
Message Posted: Oct 15, 2012 10:21:49 PM

Sounds like a good idea.
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:5,610
Points:1,418,265
Joined:Sep 2009
Message Posted: Oct 15, 2012 10:18:27 PM

protect what you can when you can!
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:13,539
Points:2,742,115
Joined:Apr 2007
Message Posted: Oct 15, 2012 10:18:22 PM

OK
Profile Pic
WIWalt
Champion Author Wisconsin

Posts:4,252
Points:1,020,790
Joined:Mar 2012
Message Posted: Oct 15, 2012 10:14:18 PM

ok
Profile Pic
biggyhy
Champion Author Milwaukee

Posts:3,149
Points:996,635
Joined:Sep 2011
Message Posted: Oct 15, 2012 10:14:14 PM

great
Profile Pic
REKEY
Champion Author South Carolina

Posts:11,166
Points:2,301,225
Joined:May 2008
Message Posted: Oct 15, 2012 10:13:48 PM

Good!
Profile Pic
SUPPER
Champion Author San Bernardino

Posts:2,701
Points:1,714,480
Joined:Dec 2004
Message Posted: Oct 15, 2012 10:08:58 PM

Good for us
Profile Pic
aggietim
Champion Author Fort Worth

Posts:2,360
Points:1,158,315
Joined:Oct 2008
Message Posted: Oct 15, 2012 10:08:41 PM

ok
Profile Pic
toadNY
Champion Author Albany

Posts:9,720
Points:2,125,400
Joined:Apr 2008
Message Posted: Oct 15, 2012 10:06:49 PM

True Jodybull.
Profile Pic
MRHONEST
Champion Author Illinois

Posts:2,808
Points:2,208,955
Joined:May 2007
Message Posted: Oct 15, 2012 10:06:21 PM

Sounds like a plan!
Profile Pic
serrog
Champion Author Nova Scotia

Posts:8,195
Points:2,122,990
Joined:Oct 2008
Message Posted: Oct 15, 2012 10:05:12 PM

Not really news
Profile Pic
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: Oct 15, 2012 10:02:53 PM

better than putting crude on tankers.
Profile Pic
CycleRyder
Veteran Author Atlanta

Posts:453
Points:187,975
Joined:Jun 2004
Message Posted: Oct 15, 2012 10:02:41 PM

ok
Profile Pic
CycleRyder
Veteran Author Atlanta

Posts:453
Points:187,975
Joined:Jun 2004
Message Posted: Oct 15, 2012 10:02:28 PM

ok
Profile Pic
CycleRyder
Veteran Author Atlanta

Posts:453
Points:187,975
Joined:Jun 2004
Message Posted: Oct 15, 2012 10:02:18 PM

ok
Profile Pic
kishoreCA
Champion Author Ventura

Posts:6,409
Points:980,415
Joined:Mar 2012
Message Posted: Oct 15, 2012 9:59:34 PM

they have money and they will do it...
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:13,952
Points:2,378,685
Joined:Apr 2008
Message Posted: Oct 15, 2012 9:58:22 PM

Build it.

Reduce risk of transportation disruptions by the IAmAnutJob - current ruler of Persia (Iran).
Profile Pic
gabfiore
Sophomore Author San Diego

Posts:151
Points:137,375
Joined:Apr 2012
Message Posted: Oct 15, 2012 9:56:49 PM

Tank farm? The largest in the world? Hhmmmm??.... Sounds like too many eggs (control) in one basket.
Profile Pic
whaboush
Champion Author Richmond

Posts:1,256
Points:800,095
Joined:Nov 2010
Message Posted: Oct 15, 2012 9:55:52 PM

outside Hormuz strait?!?! That's kinda close to a bunch idiots that want to blow themselves up, isn't it?!
Profile Pic
wayoung56
Champion Author Alabama

Posts:5,300
Points:1,412,735
Joined:Oct 2006
Message Posted: Oct 15, 2012 9:55:18 PM

I'm glad someone has decided to thumb their noses at Iran, the NoBama administration doesn't seem to be doing anything...
Profile Pic
WillyG
Champion Author Cincinnati

Posts:5,762
Points:1,454,775
Joined:Aug 2005
Message Posted: Oct 15, 2012 9:51:45 PM

Let Iran try.
Profile Pic
30mpg80
Champion Author Lexington

Posts:14,410
Points:2,099,830
Joined:Nov 2008
Message Posted: Oct 15, 2012 9:50:44 PM

If Iran interferes with their neighbors, they may get bombed to oblivion
Profile Pic
geoutpb
Champion Author Midland Odessa

Posts:7,055
Points:1,626,845
Joined:Dec 2006
Message Posted: Oct 15, 2012 9:50:24 PM

Building a storage area is good business but will make oil more expensive.
Post a reply Back to Topics