Trafigura Beheer BV, the world’s third-biggest independent oil trader, and Mercuria Energy Group Ltd. rented fuel-oil storage in Singapore from Royal Vopak NV after Westport Petroleum Inc. ended its contract for the space, according to four people with knowledge of the deals.
Trafigura leased as much as 100,000 cubic meters of storage in the Sebarok terminal, according to two of the people. The contract is for a period of more than two years starting this month, one of them said. Mercuria is renting about 90,000 cubic meters, according to an official at the Geneva-based company who declined to be identified.
A external spokeswoman for Trafigura in Singapore declined to comment when contacted by Bloomberg News. An official at Vopak in the city also declined to comment.
Vopak’s Sebarok terminal has a total storage capacity of 1.26 million cubic meters, according to the company’s website. Alex Plantilla, an official at Westport in Pasadena, California, didn’t return a phone message left at his office.