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- Shell PLC SHEL has reportedly reduce crude oil imports at its Singapore refinery this month for upkeep work and repairs at its single buoy mooring (SBM) facility.
- Shell is transferring crude from Very Massive Crude Carriers (VLCC) onto smaller Aframax tankers by ship-to-ship transfers earlier than discharging them at one other jetty on Pulau Bukom, Reuters reported.
- Pulau Bukom is the island south of Singapore the place the refinery is situated.
- The upkeep work entails briefly eradicating the mooring buoy subsea hose, pile anchor set up, restoration and set up of chain, and reinstalling the mooring buoy and subsea hose, knowledge from the Maritime and Port Authority of Singapore confirmed.
- In the meantime, the corporate will depend on smaller tankers.
- The Reuters report added that Shell declined to touch upon the matter, citing business confidentiality.
- Additionally Learn: Shell Collaborates With AI Know-how Agency To Cut back Exploration Days: Report
- Worth Motion: SHEL shares are buying and selling increased by 0.75% at $60.48 premarket on the final verify Tuesday.
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