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Terminal News

Rubis Terminal’s storage revenues grow

Rubis Terminal’s storage revenues grow
Rubis Terminal's segment has experienced an 11% storage revenues growth according to the company's first half financial results.

Its storage activity reported growth of 35% as a result of the full integration of Rubis Terminal Petrol, in Turkey. However, activity measured as revenue incorporating 100% of the scope assets grew by 11%, representing flows across all products of 7.3 million tonnes.

Each region (France, Northern Europe and Turkey) experienced growth, with Northern Europe up by 27%, reflecting the increase in capacity at the end of 2016. Turkey experienced strong growth in flows from and to northern Iraq, while France's growth was driven by oil revenues.

Across the board, the company experienced robust growth, reflected by an 8% increase in the overall sales volume at constant scope.



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