Oiltanking Terneuzen B.V. has signed a long-term contract with Statoil, a leading international energy company, for storage services. The agreement, which will go into effect in 2013, will strengthen Oiltanking’s position in the important ARA hub for oil and chemicals and reinforce Statoil’s trading portfolio in North-western Europe.
By signing this contract, the capacity of the terminal will increase with 317.000 cbm to 472.500 cbm. The expansion enhances the construction of 16 product flexible storage tanks with subsequent pumping, pipeline and vapour recovery facilities. In this way, Oiltanking Terneuzen B.V. shall provide sustainable and state-of-the-art storage technology in line with the latest environmental standards. Next to that, a new 2/4 combination jetty will be built in cooperation with Zeeland Seaports, facilitating large seagoing ships with simultaneous barge movements and hence insuring a very reliable service.
Statoil is an international energy company with operations in 34 countries. Building on more than 35 years of experience from oil and gas production on the Norwegian shelf, Statoil is committed to accommodating the world’s energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Norway with 20,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.
Oiltanking 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 72 terminals in 22 countries within Europe, North and South America, Middle East, India as well as Asia. Oiltanking has an overall storage capacity of 19.3 million cubic meters.
For more information on Oiltanking, Marquard & Bahls and Statoil, please visit www.oiltanking.com, www.mbholding.com and www.statoil.com.