Oiltanking MOGS Saldanha to begin construction of crude oil, blending terminal in South Africa
CAPE TOWN, South Africa -- Oiltanking MOGS Saldanha Ltd, a JV between Oiltanking GmbH and MOGS Ltd, announced the construction of an independent crude oil and blending storage terminal in Saldanha Bay.
The first phase of the terminal will have eight tanks with a total capacity of 8.8 million barrels and will be operational in the second half of 2018. At the final stage, the 13.2-million-barrel facility will comprise of 12 in-ground concrete tanks.
The new crude oil terminal in the Port of Saldanha Bay will be built in accordance with the highest safety and environmental standards. The terminal will be equipped to blend crude oil and be connected to an existing jetty which can handle vessels up to VLCC (very large crude carrier) size.
Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based family-owned company that operates in the fields of energy supply, trading and logistics. Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 81 terminals in 23 countries within Europe, North and South America, Middle East, Africa, India as well as in Asia. Oiltanking has an overall storage capacity of 21 million cbm.
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