Successful Commissioning of Oiltanking MOGS Saldanha, South Africa
The new crude oil terminal in the Port of Saldanha Bay is 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.
The first phase of the terminal comprises nine tanks with a total storage capacity of 1.6 million cbm (9.9 million barrels) which will be brought into operation in phases, with the final phase expected to be completed in the 3rd quarter of 2020.
Depending on the developments in the crude oil market, the terminal has the potential to be expanded with three further tanks of 175,000 cbm (1.1 million barrels) each for which an investment decision still has to be taken. This possible expansion would bring the total capacity of the terminal to 2.1 million cbm (13.2 million barrels) of storage capacity.
Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based company that operates in the fields of supply, trading and logistics of energy & chemicals. Oiltanking is one of the largest independent tank storage providers for petroleum products, gases and chemicals worldwide. The company owns and operates 63 terminals in 23 countries within Americas, Europe, Middle East, Africa and Asia Pacific including China and India. Oiltanking has an overall storage capacity of 20 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 the remaining 49 percent of the shares being held by the Public Investment Corporation (PIC). MOGS comprises two strategically important divisions – MOGS Mining Services and MOGS Oil & Gas. www.mogs.co.za
IDC South Africa Ltd, established in 1940, is a national development finance institution set up to promote economic growth and industrial development. IDC is owned by the South African government under the supervision of the Department of Trade, Industry and Competition. www.idc.co.za
Copyright notice: Oiltanking MOGS Saldanha (RF) (Pty) Ltd