News
Oiltanking builds first deep water oil terminal in Indonesia
22.02.2006 - Jakarta:
The Oiltanking Group announces that it will build a storage terminal for petroleum products and gases at Merak, West Java, Indonesia. The terminal will serve the recently deregulated oil and gas market in Indonesia with highly needed logistical infrastructure.
The terminal is ideally located. With water draft of up to 18m and various berths up to 100,000 DWT, the terminal offers superior shipping economics. The Greater Jakarta markets are easily accessible via the close-by highway.
The 600,000 cbm oil terminal will be equipped to most efficiently handle the full range of petroleum products such as gasoline, diesel, fuel oil as well as jet fuel and LPG. It will serve as a distribution terminal to the Greater Jakarta markets as well as provide break of bulk services for Indonesia at large. The total investment is expected to amount to US$ 120 million.
The first phase of the terminal will be operational by the 2nd half of next year with an initial capacity of 200,000 cbm, part of which has already been reserved by the market. The next phase will add at least a further 150,000 cbm.
Oiltanking, a division of German Marquard & Bahls AG, is the second largest independent tank storage provider for petroleum products, chemicals and gases world-wide. Oiltanking owns and operates 71 terminals in 19 countries in Europe, North and South America, and Asia. The group has an overall capacity of 11.1 million cbm.
For more information, please visit www.oiltanking.com and www.mbholding.com
For media enquiries, please contact:
Mr Theo Pangraz
Project Manager
PT Oiltanking Indonesia
Tel:+65 6883 6631
H/P:+65 9839 4117
Email: theo.pangraz@oiltanking.com
Mr Daan Vos
General Manager Asia-Pacific & Europe
Oiltanking GmbH
Tel:+49 40 370 99-0
H/P: +49 173 6161651
Email: daan.vos@oiltanking.com