Letter from Spain: Hydrocarbons are the present and future of tank storage
Scepticism towards the energy transition reigns in the tank storage industry
Cartagena is the fourth-largest port in Spain by weight of goods handled, with around 36mt/yr in 2022. But it specialises in liquid bulk, with more of the stuff moving through the port than anywhere else in Spain. Three-quarters of the cargo handled at the port is liquid bulk. Hence the port serving as the backdrop for the Petrochemicals Global Logistics Convention, where operators and contractors in tank storage meet to do business and discuss the state of the industry. The conclusion this year is that times are good but uncertain. The geopolitical environment has changed significantly over the last two years since the Russian invasion of Ukraine, which has led to more goods being moved by
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth