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GasBuddy News Article

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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.


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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
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 17, 2012 5:54:45 AM

probably a safer choice.
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fuel2use
Champion Author Seattle

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Message Posted: Oct 16, 2012 5:36:05 PM

Might work.
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Skimo2012
Rookie Author Cleveland

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Message Posted: Oct 16, 2012 5:01:48 PM

End up being another target to strike.
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sparky808
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Message Posted: Oct 16, 2012 1:35:02 PM

Thank you for posting.
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gas4433
Champion Author Houston

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Message Posted: Oct 16, 2012 12:40:15 PM

Ok
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arb0526
Champion Author Greensboro

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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.
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rahcat
Champion Author Grand Rapids

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Message Posted: Oct 16, 2012 12:05:55 AM

Old News
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PrinceLH
Champion Author Ontario

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Message Posted: Oct 16, 2012 12:01:32 AM

Good!
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diesel8888
Champion Author Salt Lake City

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Message Posted: Oct 16, 2012 12:01:06 AM

Ok
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iamforiu
Champion Author Indiana

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Message Posted: Oct 15, 2012 11:59:59 PM

k
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radiorumor
Champion Author Texas

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Message Posted: Oct 15, 2012 11:59:33 PM

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

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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.
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crashintuc34
Champion Author Tucson

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Message Posted: Oct 15, 2012 11:59:00 PM

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

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Message Posted: Oct 15, 2012 11:58:36 PM

k
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getalong
Champion Author California

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Message Posted: Oct 15, 2012 11:57:52 PM

sigh
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fullauto
Champion Author Reading

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Message Posted: Oct 15, 2012 11:50:36 PM

safe?
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camel1
Champion Author Minnesota

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Message Posted: Oct 15, 2012 11:47:34 PM

is it needed?
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veemotors
Champion Author Alberta

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Message Posted: Oct 15, 2012 11:45:38 PM

ohhh
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us4usa
Champion Author Missouri

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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]
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nehemiah
Champion Author Portland

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Message Posted: Oct 15, 2012 11:44:26 PM

we need more alternatives, not this
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blazerbob91
Champion Author Milwaukee

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Message Posted: Oct 15, 2012 11:40:46 PM

It will take years to construct.
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Blue48
Champion Author Illinois

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Message Posted: Oct 15, 2012 11:39:57 PM

OK!
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AnObserver
Champion Author New Jersey

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Message Posted: Oct 15, 2012 11:39:09 PM

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

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Message Posted: Oct 15, 2012 11:37:22 PM

Costly.
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bonzoonfmb
Champion Author Florida

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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.
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menagerie1013
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Message Posted: Oct 15, 2012 11:33:07 PM

This affects us how?
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Jeeputtputt
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Message Posted: Oct 15, 2012 11:23:16 PM

care?
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DeeLA
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Message Posted: Oct 15, 2012 11:21:49 PM

Sounds like a good idea.
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mcmonsta
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Message Posted: Oct 15, 2012 11:18:27 PM

protect what you can when you can!
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pgerassi
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Message Posted: Oct 15, 2012 11:18:22 PM

OK
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WIWalt
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Message Posted: Oct 15, 2012 11:14:18 PM

ok
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biggyhy
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Message Posted: Oct 15, 2012 11:14:14 PM

great
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REKEY
Champion Author South Carolina

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Message Posted: Oct 15, 2012 11:13:48 PM

Good!
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SUPPER
Champion Author San Bernardino

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Message Posted: Oct 15, 2012 11:08:58 PM

Good for us
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aggietim
Champion Author Fort Worth

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Message Posted: Oct 15, 2012 11:08:41 PM

ok
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toadNY
Champion Author Albany

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Message Posted: Oct 15, 2012 11:06:49 PM

True Jodybull.
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MRHONEST
Champion Author Illinois

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Message Posted: Oct 15, 2012 11:06:21 PM

Sounds like a plan!
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serrog
Champion Author Nova Scotia

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Message Posted: Oct 15, 2012 11:05:12 PM

Not really news
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Ahking
Champion Author Orange County

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Message Posted: Oct 15, 2012 11:02:53 PM

better than putting crude on tankers.
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CycleRyder
Veteran Author Atlanta

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Message Posted: Oct 15, 2012 11:02:41 PM

ok
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CycleRyder
Veteran Author Atlanta

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Message Posted: Oct 15, 2012 11:02:28 PM

ok
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CycleRyder
Veteran Author Atlanta

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Message Posted: Oct 15, 2012 11:02:18 PM

ok
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kishoreCA
Champion Author Ventura

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Message Posted: Oct 15, 2012 10:59:34 PM

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

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Message Posted: Oct 15, 2012 10:58:22 PM

Build it.

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

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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.
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whaboush
Champion Author Richmond

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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?!
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wayoung56
Champion Author Alabama

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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...
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WillyG
Champion Author Cincinnati

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Message Posted: Oct 15, 2012 10:51:45 PM

Let Iran try.
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30mpg80
Champion Author Lexington

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Message Posted: Oct 15, 2012 10:50:44 PM

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

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Message Posted: Oct 15, 2012 10:50:24 PM

Building a storage area is good business but will make oil more expensive.
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