Oiltanking MOGS Saldanha, a joint venture between Oiltanking GmbH, MOGS Ltd and Industrial Development Corporation of South Africa Ltd has commissioned a new crude oil terminal in the Port of Saldanha Bay.
The terminal was commissioned with the successful receipt of approximately 143,000 cbm (900,000 barrels) of crude oil on April 17, 2020.
The crude oil terminal in the Port of Saldanha Bay is built in accordance with safety and environmental standards. It 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 cbm (9.9 million barrels) which will be brought into operation in phases, with the final phase expected to be completed in the 3rd quarter of 2020.
Depending on the developments in the crude oil market, the terminal can be expanded with three further tanks of 175,000 cbm (1.1 million barrels) each for which an investment decision still has to be taken.
This potential expansion would bring the total capacity of the terminal to 2.1 million cbm (13.2 million barrels) of storage capacity.
