Extending the storage time for oil products during COVID-19.
The present COVID-19 pandemic has led to a dramatic drop in the demand for refined products. This has resulted in a back-up of the logistics pipeline, along which oil and refined products usually move. Therefore, oil and its products are having to be stored for extended periods in conventional shore tanks, and also in ships and end-user locations – where a fast turnover is expected normally. While this extended storage is unavoidable, it does change the risk profile in terms of product quality and value preservation.
SGS now offers long-term fuel storage monitoring for gasoline, naphtha, jet fuel, gas oil and fuel oil. To discuss how we can help you to manage risk, avoid serious deterioration and preserve product value during COVID-19, contact us today.