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Terminal News

SGR Energy to acquire Colombia oil storage terminal

SGR Energy to acquire Colombia oil storage terminal
SGR Energy plans to buy Swiss Terminal Barranquilla – a refined and crude oil storage terminal - from Fondo De Infraestructura Columbia.

The 210,000-barrel facility in Atlántico Department, Colombia covers 294 acres and comprises a warehouse, lab and office, which will provide 50,000 barrels per day of product unloading capacity, 20,000 barrels per day product loading capacity and 13 lane truck racks.

Houston-based SGR Energy will hold permitted storage of up to 210,00 barrels for third party merchant storage, allowing for the acceptance of crude oil and naphtha, with 13 multipurpose temperature-controlled tanks, offering the ability to segregate crude and clean products.

The terminal will also process crude oil and blend fuel oil, with up to seven million barrels of petroleum products transferred or processed through the facility a year.

CEO Tommy San Miguel, SGR Energy, says: ‘We are delighted to acquire from Ashmore Management Company this premier marine transportation and terminal in Colombia. Swiss Terminal Barranquilla gives SGR Energy a strategic artery to pull supply from Colombia, increase our delivery volume to established customers, and will allow us to develop additional business.’

 



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