Special to WorldTribune.com ABU DHABI — Oman plans to build a massive facility to service oil tankers in the Gulf. The Oman Supreme Planning Council approved a project to build a logistics hub in the central Gulf Cooperation Council sultanate. The council said the complex would encompass 90 square kilometers near the two entry points […]
Special to WorldTribune.com ABU DHABI — Somali pirates have expanded operations in the Gulf. Industry sources said Somali pirate vessels were moving north from the Arabian Sea to the Strait of Hormuz, the passageway for 40 percent of global crude oil shipments. The sources said the operations reflected greater capability by the pirates as well […]
Special to WorldTribune.com LONDON — Iran, facing Western sanctions and attack threats, has been quietly storing millions of barrels of crude oil in the Gulf. Industry sources said the Teheran regime, which oversees production of 3.5 million barrels per day, was preparing for an international embargo on fuel exports to Iran. They said the Iranian […]