Shell Cuts Crude Oil Imports After Extending Mooring Repairs

Credit: Zbynek Burival/Unsplash

Shell reduced the crude oil import at its refinery in Pulau Bukom in May after extending repairs at its single buoy mooring (SBM) facility to June, reports Economic Times.

The overhaul of the facility began in February.

Crude oil import reduced

The company now reportedly uses ship-to-ship transfers to move the imported crude oil from its Very Large Crude Carriers (VLCCs) onto smaller Aframax tankers, before discharging them at another jetty on the southern Singapore island. The transfers add to the company’s transportation cost.

The SDM repairs decreased the volume of crude oil imports to Pulau Bukom to 3 million barrels this month from 7.65 million. Shipments also dropped to 3.2 million barrels from 6.9 million.

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Source: Economic Times