China Aviation Oil’s terminal in South Korea’s South Jeolla Province, built by COA (Singapore) Corp’s joint venture company Oilhub Korea Yeosu (OKY), has entered operation.

The first phase of a new 19-tank storage terminal in Haldia, West Bengal, India, has been commissioned.

Stolthaven Terminals reported an operating profit of US$76.5 million in 2012, up from $66 million in 2011, with growth for the year driven primarily by the impact of acquisitions. Total capacity rose to 3.6 million cbm at year end, up from 3.4 million cbm at the end of 2011.

Rubis posted a record year with net profit of €94 million, up 31 percent, resulting from the successful integration of all the acquisitions made in 2011.

Tundra Energy Marketing has signed an MoU with Enbridge Energy Partners to own jointly and expand the previously announced Tundra crude oil rail loading terminal near Cromer, Manitoba to improve market access for light oil producers in Manitoba, Saskatchewan and North Dakota.

The Government of Zambia has reportedly engaged an East African firm Dalbit International Ltd, to construct four fuel storage depots in four provinces at a cost of US$40.2 million.