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Oiltanking breaks new ground
Originally published:  01/03/2010
Two deals announced recently by Hamburg based Oiltanking will see it expand into new and developing areas. Oiltanking Andina Services, a joint venture with Graña y Montero Petrolera (GMP), has signed an operations and maintenance agreement with Pure Biofuels del Peru (PBF) to operate the latter’s existing Lima terminal, beginning on March 1.
The Lima terminal, which is actually located in the port of Callao, has some 100,000 m3 of storage capacity for petroleum products and biofuels. It can handle tankers of up to Panamax size via a monobuoy mooring, and has been designed to meet the storage needs of the local market as well as the wider Pacific biofuels trades. According to Oiltanking, the site has room for expansion.
Oiltanking already has an operation in Peru through Consorcio Terminales, another joint venture with GMP, which operates a network of marine terminals and inland depots across the country.
The second deal announced so far this year by Oiltanking involves construction of a bulk liquids storage terminal in East Port Said, Egypt. Last month the company announced that, in cooperation with Sonker Bunkering Company, it had won the tender to build and operate a facility on the eastern side of the Suez Canal, primarily for bunker fuels. The first phase will involved the construction of some 1m m3 of storage capacity and four deepwater jetties.
“Oiltanking is confident that in association with Sonker Bunkering Company and the much appreciated support of all institutions involved, the development of this terminal will contribute to the further growth of East Port Said and its future strategic importance as a major petroleum logistics hub in the Eastern Mediterranean,” the company says.