Oiltanking MOGS Saldanha Makes Final Investment Decision for a Crude Oil Storage Terminal in Saldanha Bay, South Africa
The first phase of the terminal will have eight tanks with a total capacity of 8.8 million barrels (1.4 million cbm) and will be operational in the second half of 2018. At the final stage, the 13.2 million barrel (2.1 million cbm) facility will comprise twelve in-ground concrete tanks.
The new crude oil terminal in the Port of Saldanha Bay will be built as a state-of-the-art facility 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. www.oiltanking.com
MOGS (Pty) Ltd, established in 2007, is a leading South African based, black owned company and pan-African partner of choice in the consolidated mining services and oil & gas infrastructure sectors. MOGS is majority owned by Royal Bafokeng Holdings (RBH), the community investment company of the Royal Bafokeng Nation Development Trust (RBNDT) with 49% belonging to the Public Investment Corporation (PIC). MOGS comprises two strategically important divisions – MOGS Mining Services and MOGS Oil & Gas. www.mogs.co.za