BP announced today that it intends to sell its 950,000 cubic metre capacity oil storage terminal in Amsterdam.

The BP Amsterdam Terminal, which has been owned and operated by BP since 1997, acts as an international trading hub for supplying fuels to and from Europe. The terminal also supplies diesel and gasoline to local and regional petrol stations.

Hendrik Muilerman, Managing Director of BP in the Netherlands said: “Following a strategic review of our portfolio, we have concluded that it is in the long term interests of the Amsterdam Terminal and its staff for it to be owned by an entity which is better placed to invest in its future.”

He added: “We will continue both our trading operations and Retail Fuels business activities in the region by utilising third party facilities rather than operating our own.”

BP will continue to supply its customers after the sale which is expected to take place near the end of the year.

About The oil storage terminal in Amsterdam

The terminal’s assets include more than seventy storage tanks for oil products and butane and propane; three jetties for ocean-going vessels and two jetties for mooring nine inland barges, and a loading rack for road tankers.

Occupying a total site area of some 890,000m2, the terminal typically services around 2,900 ships and approximately 20,000 road tankers each year. BP is one of the world’s leading international oil and gas companies. We operate or market our products in more than 80 countries, employ over 85,000 people and provide our customers with fuel for transportation, energy for heating and light, retail services and petrochemical products for everyday items. Our interests and activities are covered in two business segments: Upstream (exploration and production) and Downstream (refining and marketing of fuels and lubricants).

In the Netherlands, the 2,000 BP people are primarily engaged in refining and marketing of fuels and lubricants. Our customers can be found in almost all segments, varying from aviation and shipping to agriculture and the large industrial companies. With 350 retail sites, BP is one of the larger players on the Dutch fuels market.

About BP

BP is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.

See the site of the oil storage terminal in Amsterdam