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
4 October 2024
Economic ill-health may be a wake-up call to the world about the Asian nation’s shifting oil buying status
3 October 2024
The formation’s gas-to-oil ratio is set to keep rising, but new markets and midstream plans mean infrastructure constraints may not be an issue
2 October 2024
Geopolitical strife embroiling Iran and political corruption in Venezuela suggest little near-term change to oil production from either of the sanctioned states
1 October 2024
Our look into Petroleum Economist's archives continues with October 1960 coverage of another key moment in the history of oil and gas: the founding of OPEC