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Trends in Crude Oil Storage and Trading in the Adriatic Region: New Capacities and Market Perspectives (100 characters)

Explore the "golden era" of crude oil and petroleum products storage and trading in the Adriatic region, with a focus on new capacities, market trends, and future growth. (500 characters)

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Trends in Crude Oil Storage and Trading in the Adriatic Region: New Capacities and Market Perspectives (100 characters)

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  1. Perspectives for Crude Oil and Petroleum Products Storage and Trading Trendovi i novi kapaciteti za skladištenje i trgovanje naftom i derivatima nafte u jadranskoj regiji / Trendsandnewcapacities for crudeoilandpetroleumproductsstorageandtrading in the Adriatic region

  2. „Golden era” ofstorageandrefining • Growthofincomeand profit • Constructionofnewandrevitalizationofoldstoragesites • Huge impact on investmentsinthe Adriatic region

  3. Crudearrivesfromthefollowingports to refineriesandterminalsinthe Adriatic region: • Ceyhan (TUR) • Ust Luga (RUS) • Novorosysk (RUS) • Sidi Kerir (EGY) • Arzew, Bejaia, Skikda (ALG) • RasLanuf, Es Sider, Marsa el Brega, • Zueitina, Zawia (LIB) • Kharg Terminal (IRN)

  4. - The Adriatic regionis a partof MED marketwithitswellknownports: • Marseille (FRA); • Trst(ITA); • Genova (ITA); • Algericas (ESP)

  5. Countriesfromthe Adriatic regionandtheirrespectedterminals are: • Croata: • Omišalj • Rijeka • Zadar • Solin • Ploče Koper Omišalj Solin Ploče • Italy: • Trieste Bar • Albania: • Porto Romano (Durres) • Petrolifera (Vlora) Vlora • Slovenia: • Koper • Montenegro: • Bar • BosniaandHerzegovina: • Ploče

  6. Crudeoilterminals are usuallystartingpointsofpipelinesystems for refinerysupply (Triesteand Omišalj) • In storagebussines, terminals are heavilydependent on marketsituation (contango vs. backwardation) • Thekey to minimizethatdependanceisin terminal improvementandmodernization

  7. Possibleways for improving terminal marketposition: • Creationof SPOT market • Storagecapacityincrease • Loadingofcrudeoil • Mixingofcrude • Additionalequipmentinstalation • H2S treatment • Treatmentof „alternative” crudes • Instalationofheatingsystems in tanks

  8. JANAF developsitsbusinessbyforming SPOT market at Omišalj Terminal • In 2017 twoadditionaltanks for crudeoil (80.000m3 each) wereconstructed • Re-loading facility almostfinished

  9. Currently 3 additional tanks (80.000 m3 each) are under construction • One tank (20.000 m3) for petroleum products almost finished • Possibleadditionaltanks for petroleumproducts

  10. Conclusion • Strongfocus on re-loading facility and MED supplythroughstoragecapacityincrease • Furthergrowth in refiningactivitiesisexpectedinthe future • Every company needs to be prepared for future positive flows

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