Oil trading has grown significantly, with about US$500 billion of trade channelled through Singapore each year.
STORAGE: The government expects petroleum storage capacity in Singapore to more than double in the next two to three years. The government is building a massive underground storage -- called the Jurong Rock Caverns -- on Jurong Island, which is expected to be operational by 2011.
BUNKER: Singapore has the world's biggest shipping fuel industry, with 26 million tonnes of bunker delivered last year.