Storage leasing deal
Source: Xinhua |
August 28, 2013, Wednesday
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Print Edition
Print Edition
China Aviation Oil (Singapore) Corp (CAO) announced yesterday that they had signed a product storage agreement to lease storage facilities in Singapore in an effort to strengthen its fuel oil business. The agreement, inked between CAO and the Horizon Singapore Terminals Private Ltd, will be valid for three years from Sunday. According to the agreement, there will be five storage tanks with a combined storage capacity of about 174,000 cubic meters.
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