Tanzania International Petroleum Reserves (TIPER) is expected to double its storage capacity with the addition of two tanks.
The tanks, with a capacity of 36,000 m3 each are expected to go on stream later this month. Both underwent a major refurbishment at a cost of $11 million (€9.9 million) and brings the company’s total capacity to 213,000 m3.
Paul Mnzava, deputy managing director says: ‘The project is in its final storage and we are delighted to have the opportunity to provide greater storage convenience and the fastest discharge flow rate from the SPM after its completion.’
The renovation project, launched in 2014, has involved the modification of the tanks to meet international standards as well as extend the lifetime.
The company has plans to further expand its capacity by a further 100,000 m3 in the future.