Vopak operate Chevron’s oil terminal in US

Vopak to operate Chevron’s oil terminal in US

11:28 AM, 15th July 2016
Vopak to operate Chevron’s oil terminal in US

ROTTERDAM, NETHERLANDS: Royal Vopak has entered into a long-term agreement with Chevron Corporation to manage and operate for Chevron its existing 509,000 cbm oil terminal in Panama, US. Chevron continues to be the owner of the terminal. Vopak's operatorship is expected to start in Q3 2016.

Next to this agreement with Chevron, they have been obtained for the development of a first phase 360,000 cbm independent oil terminal, owned by Vopak, at Bahia Las Minas at the same location. A long term contract has already been signed for part of this new capacity.

The project entails, in addition to the new tankage, complementary marine infrastructure, including jetties to handle ships of up to 80,000 dwt. The construction will take approximately 24 months and will start when the associated local construction permits are obtained in the coming months.

The location in Bahia las Minas, Panama, is strategically situated at the crossroads of international trade and transportation routes for refined products. It is very well located to serve the international refined products markets in the Panama region, and to serve the expected increasing bunkering needs resulting from the expansion of the Panama Canal.

With its presence in Panama, Vopak strengthens its leading position at strategic locations along the major global shipping routes.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

LyondellBasell awards PO, TBA plant project management contract to WorleyParsons

SYDNEY, AUSTRALIA: WorleyParsons Limited (WOR) has been awarded an integrated project management team (IPMT) contract by LyondellBasell Industries NV ...

Read more
Solvay expands diphenol product capacity; extends footprint in India

LYON, FRANCE: Solvay SA has expands its project diphenol product capacity for hydroquinone (HQ), catechol (PC) and para-methoxyphenol (MEHQ or PMP) at ...

Read more
DSM extends cheese solutions portfolio with DelvoCheese CT

DELFT, NETHERLANDS: Royal DSM has extended its portfolio of continental cheese solutions to meet the consumer demand for healthier options. DelvoChees ...

Read more
K+S acquires Magpower; expands presence in Asia

KASSEL, GERMANY: K+S Group said that it is acquiring the activities of Huludao Magpower Fertilizers Co Ltd (Magpower), the Chinese producer of magnesi ...

Read more
Jacobs bags Sipchem’s engineering services contract

PASADENA, US: Jacobs Engineering Group Inc (JEC) has been awarded a three-year contract from Saudi International Petrochemical Company (Sipchem) to pr ...

Read more
Evonik inaugurates new silane center in Switzerland

ESSEN, GERMANY: Evonik industries AG has inaugurated its new silanes competence center at its site in Rheinfelden, Switzerland - continuing its expans ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X