Oil analyst: Not a single drop of diesel is exported from Singapore to the Middle Eas

[makapaaa]

[h=1]http://statestimesreview.com/2015/0...s-exported-from-singapore-to-the-middle-east/

Oil analyst: Not a single drop of diesel is exported from Singapore to the Middle East[/h]admin / 4 hours ago July 17, 2015

“This year, there is not a single drop of diesel exported from Singapore to the Middle East”
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An oil analyst revealed that Singapore’s economy has been hit badly by the recent oil refinery developments in Saudia Arabia in 2015. Suresh Sivanandam, the principal analyst for refining and chemicals at Wood Mackenzie, said that Saudia Arabia, already the world’s top crude oil exporter, is turning itself into a major refined-fuels power, offering millions of barrels of diesels today and triggering a price war with Asian competitors like Singapore.

Photo of Jurong Island

Saudia Arabia has invested in itself and chose to process more of its crude oil at home and is now already the world’s fourth-largest oil refiner. Singapore is the world’s seventh largest oil refiner in the world but its diesel export is look to decline further as Saudia Arabia continues to ramp up in it oil refinery developments.

 

[Narong Wongwan]

Re: Oil analyst: Not a single drop of diesel is exported from Singapore to the Middle

Flying on auto pilot and living on past glories ain't going to cut it anymore

 

[laksaboy]

Re: Oil analyst: Not a single drop of diesel is exported from Singapore to the Middle

No worries, when the pappies brag about their economic achievements, they'll use the non-oil domestic exports statistic.

With luck we may see the highly polluting Jurong Island dismantled and turned into a third integrated resort. The nearby residents have put up with that monstrous petrochem shithole for too long.

 

[xpo2015]

Re: Oil analyst: Not a single drop of diesel is exported from Singapore to the Middle

Why do Arabs need diesel from us?

I thought they already got enough oil?

 

[johnny333]

Re: Oil analyst: Not a single drop of diesel is exported from Singapore to the Middle

No worries, when the pappies brag about their economic achievements, they'll use the non-oil domestic exports statistic.

With luck we may see the highly polluting Jurong Island dismantled and turned into a third integrated resort. The nearby residents have put up with that monstrous petrochem shithole for too long.

Was talking to someone who is living in Jurong. It is usually hotter, drier & more polluted in that part of Spore compared to other parts of Spore.
Maybe they can build another casino for the foreigners who live there .

 

[steffychun]

Re: Oil analyst: Not a single drop of diesel is exported from Singapore to the Middle

PAP the worst.

 

[Dark Knight]

Re: Oil analyst: Not a single drop of diesel is exported from Singapore to the Middle

Sillypore export has been going downhill long time ago plus having such a strong SGD is not good for export in the long run.
In reality one of the reason why we are still seeing GDP figures growing is due to labor cost reduction not because of the actual export figures.