BP has announced that it intends to sell its 950,000m3 capacity oil storage terminal in Amsterdam.
The BP Amsterdam Terminal, which has been owned and operated by BP since 1997, acts as an international trading hub for supplying fuels to and from Europe. The terminal also supplies diesel and petrol to local and regional petrol stations.
Hendrik Muilerman, MD of BP in the Netherlands, says: ‘Following a strategic review of our portfolio, we have concluded that it is in the long term interests of the Amsterdam Terminal and its staff for it to be owned by an entity which is better placed to invest in its future.’
He adds: ‘We will continue both our trading operations and retail fuels business activities in the region by utilising third party facilities rather than operating our own.’
The terminal’s assets include more than seventy storage tanks for oil products and butane and propane; three jetties for ocean-going vessels and two jetties for mooring nine inland barges, and a loading rack for road tankers.
Occupying a total site area of some 890,000m2, the terminal typically services around 2,900 ships and approximately 20,000 road tankers each year.
BP will continue to supply its customers after the sale which is expected to take place near the end of the year.