GREENWICH, Conn., HOUSTON and LONDON, Dec.

The Vitol Group, a global crude oil trader, has announced the signing of an agreement with Seaport World Wide, pursuant to which, Vitol will lease land to construct an oil terminal in Tanjung Bin, Malaysia.

Mero CR (Kralupy nad Vltavou, Czech Republic), state oil pipeline and oil storage tank, started operation of two new oil storage tans in its central refuelling point in Nelahozeves in Sep 2008. Each of them reaches a volume of 125,000 m3 of oil.

By Saurabh Sinha NEW DELHI: Better late than never. Faulty location of an underground oil tanker has made IGI Airport's domestic side a tinderbox for years.

Research and Markets (http://www.researchandmarkets.com/research/b88605/europe_oil_and_che) has announced the addition of the "Europe Oil and Chemicals Storage Industry to 2012: Investment Opportunities, Analysis and Forecasts of All Active and Planned Storage Terminals" report to their offering.