The Oiltanking MOGS Saldanha terminal in Cape Town, South Africa, a joint venture between Oiltanking MOGS and Industrial Development Corporation of South Africa has taken receipt of approximately 143,000 m3 (900,000 barrels) of crude oil on April 17, 2020.
The new crude oil terminal in the Port of Saldanha Bay is built as a state-of-the-art facility in accordance with the highest safety and environmental standards. The terminal will be equipped to blend crude oil and be connected to an existing jetty which can handle vessels up to VLCC (Very Large Crude Carrier) size.
The first phase of the terminal comprises nine tanks with a total storage capacity of 1.6 million m3 (9.9 million barrels) which will be brought into operation in phases, with the final phase expected to be completed in Q3 2020. Depending on the developments in the crude oil market, the terminal has the potential to be expanded with three further tanks of 175,000 m3 (1.1 million barrels) each for which an investment decision still has to be taken. This possible expansion would bring the total capacity of the terminal to 2.1 million m3 (13.2 million barrels) of storage capacity.