Singapore: An unprecedented expansion of oil infrastructure in southern Malaysia over the next five years is set to create a Greater Singapore trading hub that will help the region retain its edge over competitors such as China.
Instead of competing with Singapore, the new infrastructure -- including a state-of-the-art petroleum complex and capacity increases to storage -- will lead to greater flows of oil and help meet growing demand from traders for more liquidity to feed increasing pricing activity.
The new infrastructure should be regarded as part of the 'Greater Singapore' oil hub, rather than as competing with the current established order, as it is essentially the same players trading the same markets but in a larger way, said Richard Yap of GE Consulting. Full story
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All set for ‘Greater Singapore’ oil hub - Free Malaysia Today
