Oiltanking has commissioned a new terminal in Matola, Mozambique as well as increasing its ownership share in Oiltanking Mozambique.
By increasing its ownership share in Oiltanking Mozambique, the company will expand its investment in the ports of Matola and Beira. It has increased its direct stake from 60% to 80%.
The terminal in Matola received its first vessel on November 26, 2017. The facility's initial storage capacity will be 58,600 m3, with land available for further development. It has access to a jetty with a draft of 11.5 meters.
It is equipped with rail and truck loading facilities to serve southern Mozambique and neighbouring countries including Swaziland, Zimbabwe, Botswana and the northern provinces of South Africa.
The company is planning to build a large-scale pressurised LPG terminal on the available land in Matola of up 33,000 m3, as well as adding another 70,000 m3 of liquid storage.
Additionally, another terminal is planned by Oiltanking in Beira. It is currently in the development stage, but it will facilitate gas and petroleum product imports into the central part of Mozambique, Zimbabwe, Malawi, Zambia and the Democratic Republic of Congo.
Lo Vanhaelen, MD of Oiltanking Matola, says: 'Mozambique is one of the main transit hubs for petroleum products on Africa's east coast. The recent transaction and other projects will further strengthen Oiltanking's presence in Africa and enhance our ability to serve new market segments on the east coast of the continent.'
A global storage hub networkOil price 'collapse' brings 2018 to a close A different energy system The economics of IMO 2020 Are energy companies prepared for a demand driven petrochemical market IFLEXX: standardised data communication in the downstream oil and gas sector Growing to meet Ghana's midstream needs Bridging Africa's infrastructure gap The storage outlook Safety at the touch of a button