Dutch Vopak opens new oil storage terminal in Spain

25 March 2013 07:09  [Source: ICIS news]

SINGAPORE (ICIS)--Dutch tank storage service provider Vopak on Monday opened its new oil storage terminal at Algeciras in Spain, the company said in a statement.

Vopak Terminal Algeciras will comprise 22 tanks with an initial storage capacity of 403,000 cubic meters, as well as a jetty for sea-going vessels, Vopak said in a statement.

“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,” it said.

Vopak has a 80% stake in Vopak Terminal Algeciras while Spanish firm Vilma Oil holds the remaining 20% share.

By: Nurluqman Suratman

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