Dubai, UAE: With oil being a major import of Singapore from the UAE, the former reported a 39% year-on-year increase in its imports from the UAE in the first quarter of 2010, after a 16% slump during the same period a year ago, indicated a study released recently by the Dubai Chamber of Commerce & Industry.Singapore is a major oil processing centre, importing crude oil and supplying many countries with processed oil and oil products. The country also provides oil storage facilities for processed oil and oil products. Full Story
