BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry

« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa

BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News

Agreement to build oil storage terminal in Saldanha Bay

06 Sep 2013 20:12 GMT

Storage and blending terminal will have a total capacity of 13.2 million barrels.

Oiltanking Grindrod Calulo Holdings (Pty) Ltd. (OTGC), a subsidiary of Oiltanking GmbH, and Mining, Oil and Gas Services Pty Ltd. (MOGS) have announced a joint venture agreement to construct a commercial crude oil storage and blending terminal with a total capacity of 13.2 million barrels comprising twelve 1.1 million bbls concrete tanks in the Port of Saldanha Bay.

The development, construction, management and operations of the terminal will be carried out by the new company called Oiltanking MOGS Saldanha (Pty) Ltd. (OTMS). MOGS initiated the project in 2011 and has since completed the pre-feasibility studies and design and is in the final stages of obtaining the required statutory approvals. MOGS and OTGC will each hold 50 percent of shares in the company.

Port of Saldanha Bay is an excellent location for a crude oil hub as it is close to strategic tanker routes from key oil producing regions to major oil consuming markets. It is ideally situated for the blending of West African and South American crude oils. Port of Saldanha Bay has the potential to establish itself as a global crude transhipment hub focussed on certain established trade routes.

The new crude oil terminal in the Port of Saldanha Bay will be built as state-of-the-art facility in accordance with the highest technical, operational and environmental standards. The existing jetty can handle vessels up to VLCC (very large crude carrier) size.

Oiltanking Grindrod Calulo Holdings (Pty) Ltd is an independent bulk liquid storage provider in South Africa which combines the expertise of Oiltanking GmbH in the field of bulk liquids handling with the local expertise and the full Black Economic Empowerment credentials of Grindrod South Africa (Pty) Ltd. and Calulo Terminals (Pty) Ltd. Through direct holdings via Calulo and indirect holding via Grindrod South Africa, the joint venture is a fully empowered entity with a level 2 empowerment classification.

MOGS (Pty) Ltd. is a subsidiary of Royal Bafokeng Holdings (Pty) Ltd. (RBH) and is a BBBEE accredited holding company that focuses on providing a selection of products and services to the mining, oil and gas services industry in South Africa, Africa and the Middle East.

Oiltanking GmbH is a subsidiary of Marquard & Bahls AG, Germany, a leading petroleum company, privately owned. Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 73 terminals in 23 countries within Europe, North and South America, Middle East, Africa, India as well as Asia. Oiltanking has an overall storage capacity of 20.4 million cubic meters.

Grindrod South Africa (Pty) Ltd is a company with more than 100 years’ experience in South Africa’s freight movement, providing shipping and logistics solutions to clients. Grindrod’s operations are focused on transportation, storage and handling of dry and liquid bulk commodities, containers and automobiles, their operations also extend to include commodity trading and financial services.

Calulo Terminals (Pty) Ltd is a South African black owned and controlled investment company focusing on oil and chemical sectors. Calulo has significant holdings in companies throughout the value chain and controlling interests in companies which focus on providing comprehensive logistics solutions to the oil, gas and chemical sectors. .

Related Links:

Oiltanking sells 45% of its stake in Helios terminal
Oiltanking selects new CEO
IBIA calls on South Africa to realize its bunkering potential
Authorities approve Cockett deal

Latest News:

Furukawa Battery certified as approved supplier of marine batteries
Quadrise: Fuel production system commissioned in Saudi Arabia
Is oil heading for the 70s or lower 60s?
Oil and fuel oil hedging market update
FIS expecting strong HSFO paper liquidity 'right up to deadline day' in 2020 and beyond
GTT hails 'great start to the year' with LNG tank orders
Rotterdam posts lowest calendar year bunker sales of the 2010s
Bomin to launch physical supply of ULSFO in ARA region
Viking Line's bunker costs jump 18.3% in 2017
Vopak's net profit dips 12% in 2017
Odfjell posts rise in FY and Q4 2017 bunker costs
Oil and fuel oil hedging market update

Page Links:

Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Cape Town
Las Palmas
New Orleans
Latest News
Middle East
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Fuel Quality
Lubes & Additives
Oil Spills
Port News
Services, Products, Technology
Statistics & Research
Contact & Terms
Contact Us
Terms & Conditions
Privacy Policy
Upcoming Events