A new oil and bunker terminal in Tangiers, on the Moroccan side of the Gibralter Strait, is scheduled to be operational in Q2 2010.
The terminal has been in construction since 2008 by Horizon Tangiers Terminal (HTTSA) a subsidiary of the UAE-based Horizon group formed specifically to construct and develop the Tangiers oil terminal.
The terminal is to form part of the new Tangiers Med port and will have a storage capacity of 512,000 m3. It will hold product for the bunker market and serve as a distribution hub for refined petroleum products to the Moroccan market and for transshipment cargoes.
Aegean Marine Petroleum has been selected as the sole bunkering company for the terminal. It will have the exclusive right to provide bunkering services in port and at sea for a period of 25 to 35 years.