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OIL AND GAS
Malaysia tackles tanker oil spill
by Staff Writers
Kuala Lumpur (AFP) June 20, 2017


Malaysia is using chemical dispersants to break up an oil slick off its coast after a tanker laden with marine diesel sank last week, a top official said Tuesday.

The MT Putri Sea, registered in Malabo, Equatorial Guinea, went down on Thursday in a busy shipping lane off the southern state of Johor, near Singapore.

Authorities said all six Indonesian crew were missing and feared dead.

Two marine department boats were using chemical dispersants on the more than three kilometre-wide (two-mile) slick, Zulkifili Abu Bakar, director-general of the Maritime Enforcement Agency, said in a statement.

The oil spill is close to Petronas' billion dollar refinery and petrochemicals integrated development project in Pengerang.

Zulkifili said the spill had not affected shipping activities and that the affected area was not a fishing zone.

Wan Junaidi Tuanku Jaafar, natural resources and environment minister said a "tier one" response has been initiated to fight the oil spill.

"Measures are being put in place to ensure the oil slick does not reach land," he said in a separate statement.

Tier one is regarded as a minor oil spill that can be resolved within days.

OIL AND GAS
Balance assurances give modest lift to oil prices
Washington (UPI) Jun 19, 2017
Crude oil prices edged slightly higher in early Monday trading after the Saudi oil minister injected a note of optimism into an otherwise lackluster market. Crude oil prices moved under $50 per barrel in early June on signs that supply-side strains were easing slower than expected. Some of the pressure has come from weak demand for consumer fuels like gasoline in the United States, the ... read more

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