Singapore scraps rock cavern oil bids; to re-issue

Reuters, 14 May 2009, Jennifer Tan
SINGAPORE, May 14 (Reuters) - Singapore's state-owned industrial landlord JTC Corp said on Thursday it will scrap the operational tender for the city-state's underground rock cavern oil storage project, and re-issue it three years later.
"We will lapse the current tender and recall it at a later stage, nearer the time of the completion of construction of the first two caverns, before 2013," a JTC spokeswoman told Reuters.
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