Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:25 AM

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
honda0105
Champion Author Tallahassee

Posts:24,027
Points:2,384,665
Joined:Nov 2008
Message Posted: Oct 17, 2012 5:54:45 AM

probably a safer choice.
fuel2use
Champion Author Seattle

Posts:5,559
Points:1,294,015
Joined:Dec 2010
Message Posted: Oct 16, 2012 5:36:05 PM

Might work.
Skimo2012
Rookie Author Cleveland

Posts:85
Points:104,710
Joined:Jun 2012
Message Posted: Oct 16, 2012 5:01:48 PM

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

Posts:5,961
Points:1,345,760
Joined:Sep 2011
Message Posted: Oct 16, 2012 1:35:02 PM

Thank you for posting.
gas4433
Champion Author Houston

Posts:3,512
Points:1,218,805
Joined:Sep 2011
Message Posted: Oct 16, 2012 12:40:15 PM

Ok
arb0526
Champion Author Greensboro

Posts:2,781
Points:582,685
Joined:Mar 2011
Message Posted: Oct 16, 2012 12:06:00 AM

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

Posts:5,950
Points:1,437,975
Joined:Jan 2010
Message Posted: Oct 16, 2012 12:05:55 AM

Old News
PrinceLH
Champion Author Ontario

Posts:5,942
Points:1,312,845
Joined:Jun 2011
Message Posted: Oct 16, 2012 12:01:32 AM

Good!
diesel8888
Champion Author Salt Lake City

Posts:3,973
Points:1,097,520
Joined:Nov 2011
Message Posted: Oct 16, 2012 12:01:06 AM

Ok
iamforiu
Champion Author Indiana

Posts:6,825
Points:1,486,440
Joined:May 2011
Message Posted: Oct 15, 2012 11:59:59 PM

k
radiorumor
Champion Author Texas

Posts:5,878
Points:1,518,415
Joined:Feb 2011
Message Posted: Oct 15, 2012 11:59:33 PM

Maybe we could get ahead again by converting the Grand Canyon
jim27106
Champion Author North Carolina

Posts:1,001
Points:1,428,435
Joined:Feb 2009
Message Posted: Oct 15, 2012 11:59:03 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.
crashintuc34
Champion Author Tucson

Posts:5,707
Points:1,146,235
Joined:May 2010
Message Posted: Oct 15, 2012 11:59:00 PM

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

Posts:6,832
Points:1,483,910
Joined:Jun 2011
Message Posted: Oct 15, 2012 11:58:36 PM

k
getalong
Champion Author California

Posts:2,407
Points:431,405
Joined:Aug 2007
Message Posted: Oct 15, 2012 11:57:52 PM

sigh
fullauto
Champion Author Reading

Posts:7,140
Points:1,886,695
Joined:Apr 2008
Message Posted: Oct 15, 2012 11:50:36 PM

safe?
camel1
Champion Author Minnesota

Posts:11,453
Points:3,027,865
Joined:Jul 2006
Message Posted: Oct 15, 2012 11:47:34 PM

is it needed?
veemotors
Champion Author Alberta

Posts:1,345
Points:109,520
Joined:Jun 2008
Message Posted: Oct 15, 2012 11:45:38 PM

ohhh
us4usa
Champion Author Missouri

Posts:7,158
Points:1,561,975
Joined:May 2008
Message Posted: Oct 15, 2012 11:44:48 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]
nehemiah
Champion Author Portland

Posts:6,486
Points:1,549,390
Joined:Jul 2007
Message Posted: Oct 15, 2012 11:44:26 PM

we need more alternatives, not this
blazerbob91
Champion Author Milwaukee

Posts:7,101
Points:2,602,185
Joined:Aug 2005
Message Posted: Oct 15, 2012 11:40:46 PM

It will take years to construct.
Blue48
Champion Author Illinois

Posts:10,556
Points:2,413,520
Joined:Feb 2007
Message Posted: Oct 15, 2012 11:39:57 PM

OK!
AnObserver
Champion Author New Jersey

Posts:11,421
Points:2,998,240
Joined:Sep 2005
Message Posted: Oct 15, 2012 11:39:09 PM

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

Posts:6,994
Points:3,239,130
Joined:Oct 2005
Message Posted: Oct 15, 2012 11:37:22 PM

Costly.
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Oct 15, 2012 11:35:03 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.
menagerie1013
Champion Author San Diego

Posts:2,365
Points:1,300,790
Joined:Apr 2011
Message Posted: Oct 15, 2012 11:33:07 PM

This affects us how?
Jeeputtputt
Champion Author Ohio

Posts:3,042
Points:693,325
Joined:Aug 2009
Message Posted: Oct 15, 2012 11:23:16 PM

care?
DeeLA
Champion Author Los Angeles

Posts:7,950
Points:2,127,905
Joined:Nov 2008
Message Posted: Oct 15, 2012 11:21:49 PM

Sounds like a good idea.
mcmonsta
Champion Author Honolulu

Posts:6,169
Points:1,580,545
Joined:Sep 2009
Message Posted: Oct 15, 2012 11:18:27 PM

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

Posts:14,141
Points:2,904,315
Joined:Apr 2007
Message Posted: Oct 15, 2012 11:18:22 PM

OK
WIWalt
Champion Author Wisconsin

Posts:4,856
Points:1,183,370
Joined:Mar 2012
Message Posted: Oct 15, 2012 11:14:18 PM

ok
biggyhy
Champion Author Milwaukee

Posts:3,165
Points:1,128,230
Joined:Sep 2011
Message Posted: Oct 15, 2012 11:14:14 PM

great
REKEY
Champion Author South Carolina

Posts:11,762
Points:2,463,850
Joined:May 2008
Message Posted: Oct 15, 2012 11:13:48 PM

Good!
SUPPER
Champion Author San Bernardino

Posts:2,701
Points:1,794,805
Joined:Dec 2004
Message Posted: Oct 15, 2012 11:08:58 PM

Good for us
aggietim
Champion Author Fort Worth

Posts:2,391
Points:1,281,385
Joined:Oct 2008
Message Posted: Oct 15, 2012 11:08:41 PM

ok
toadNY
Champion Author Albany

Posts:10,330
Points:2,289,325
Joined:Apr 2008
Message Posted: Oct 15, 2012 11:06:49 PM

True Jodybull.
MRHONEST
Champion Author Illinois

Posts:2,841
Points:2,333,165
Joined:May 2007
Message Posted: Oct 15, 2012 11:06:21 PM

Sounds like a plan!
serrog
Champion Author Nova Scotia

Posts:8,792
Points:2,284,465
Joined:Oct 2008
Message Posted: Oct 15, 2012 11:05:12 PM

Not really news
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: Oct 15, 2012 11:02:53 PM

better than putting crude on tankers.
CycleRyder
Veteran Author Atlanta

Posts:470
Points:193,495
Joined:Jun 2004
Message Posted: Oct 15, 2012 11:02:41 PM

ok
CycleRyder
Veteran Author Atlanta

Posts:470
Points:193,495
Joined:Jun 2004
Message Posted: Oct 15, 2012 11:02:28 PM

ok
CycleRyder
Veteran Author Atlanta

Posts:470
Points:193,495
Joined:Jun 2004
Message Posted: Oct 15, 2012 11:02:18 PM

ok
kishoreCA
Champion Author Ventura

Posts:6,980
Points:1,128,565
Joined:Mar 2012
Message Posted: Oct 15, 2012 10:59:34 PM

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

Posts:14,659
Points:2,542,235
Joined:Apr 2008
Message Posted: Oct 15, 2012 10:58:22 PM

Build it.

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

Posts:151
Points:142,575
Joined:Apr 2012
Message Posted: Oct 15, 2012 10:56:49 PM

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

Posts:1,256
Points:800,195
Joined:Nov 2010
Message Posted: Oct 15, 2012 10:55:52 PM

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

Posts:5,896
Points:1,575,210
Joined:Oct 2006
Message Posted: Oct 15, 2012 10:55:18 PM

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

Posts:6,172
Points:1,608,100
Joined:Aug 2005
Message Posted: Oct 15, 2012 10:51:45 PM

Let Iran try.
30mpg80
Champion Author Lexington

Posts:15,184
Points:2,262,370
Joined:Nov 2008
Message Posted: Oct 15, 2012 10:50:44 PM

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

Posts:7,622
Points:1,777,930
Joined:Dec 2006
Message Posted: Oct 15, 2012 10:50:24 PM

Building a storage area is good business but will make oil more expensive.
PoohMcGoo
Champion Author Alabama

Posts:3,875
Points:1,441,745
Joined:Dec 2010
Message Posted: Oct 15, 2012 10:50:03 PM

Smart move
Post a reply Back to Topics