CAO
launches operation of storage terminal in South Korea
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| David Nealis President of Ceres Ltd. |
China
Aviation Oil (Singapore) Corp Ltd announced that its new oil storage terminal
facility in South Korea’s Yeosu has begun operating. The terminal has a total
capacity of 1.3 million cubic meters and was developed by Oilhub Korea Yeosu Co
Ltd, which is CAO's associated firm. The oil storage terminal took two years to
build, costing around USD500m.
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