July 04, 2020

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Oil Storage

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Marathon subsidiary signs contract for IEnova’s Topolobampo refined fuels marine terminal in Mexico

Sempra Energy’s Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), has signed a long-term contract with a subsidiary of U.S.-based Marathon Petroleum Corp. (MPC) for approximately 50% of the 1-million-barrel initial capacity of the Topolobampo refined fuels marine terminal in Sinaloa, Mexico. Under the agreement, Marathon Petroleum’s subsidiary will have storage capacity of 500,000 […]

October 24, 2018
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Phoenix Petroleum to expand oil depots and terminal facilities in Philippines

Independent oil marketer Phoenix Petroleum Philippines Inc. is infusing an additional PHP507.93 million (USD9.4 million) in capital into three wholly owned subsidiaries to expand its oil depots and terminal facilities in the Philippines. “The capital infusion shall correct capital deficiencies in the subsidiaries as well as for expansion of their respective operations,” Phoenix Petroleum said. […]

October 2, 2018