Vopak opens new oil storage terminal in Spain

Source:Vopak

Today, Vopak Terminal Algeciras will be inaugurated by Cornelis van Rij, Ambassador of the Kingdom of the Netherlands in Spain; Manuel Morón, President Algeciras Port Authority; José Ignacio Landaluce, Mayor of Algeciras; Vicente Fernández, Secretary General of Innovation, Industry and Energy of the Government of Andalusia; and Eelco Hoekstra, CEO and Chairman of the Executive Board of Royal Vopak. The terminal is located in the port of Algeciras, Spain.

Vopak Terminal Algeciras is the first terminal to offer independent oil storage services in Algeciras. This new storage facility is designed for a wide variety of oil products and has an initial storage capacity of 403,000 cubic meters, comprising 22 tanks, and a jetty for sea-going vessels (max 225,000 dwt).

Algeciras is strategically located on the Straits of Gibraltar and the Mediterranean Sea. This is a key transit area at the crossroads of the world’s main shipping lanes that connect Europe, Middle East, West Africa, America and Asia. Together with the ports of Ceuta and Gibraltar, the port of Algeciras is part of the second largest European market place for bunkering services and is an important logistic hub for oil trading activities.

Vopak Terminal Algeciras is a partnership of Vopak (80%) and Vilma Oil (20%). The terminal has been designed by Vopak and will be operated on the basis of the global Vopak Standards.

Eelco Hoekstra, Chairman of the Executive Board and CEO of Vopak: “We are very pleased with the opening of this new terminal within Vopak’s worldwide network of strategically located tank storage terminals. Vopak Terminal Algeciras will offer our international customers the opportunity to safely store their products ashore. The design of the terminal will give them the opportunity to optimally capitalize on any developments in the Mediterranean bunker and oil trading market.”

Vopak Terminal Algeciras is the first terminal to offer independent oil storage services in Algeciras.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs