Tank Storage Magazine August/September 2017

AUGUST/SEPTEMBER 17 Volume 13 Issue No.4

THE GATEWAY FOR NORTH EAST ASIA TRADE Jeongil Stolthaven Ulsan is embarking on more growth as demand for petrol storage grows

RIDING THE ELECTRIC HIGHWAY What impact could the rise of electric vehicles have on oil markets & tank terminals?

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The voice of the storage terminal industry

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AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

CONTENTS

INCLUDES CHEMICAL STORAGE SUPPLEMENT

Contents

News TERMINAL NEWS 09

The Americas

13 Asia 14

Africa & Middle East

16 Europe 19 Global 20

Incident report

34

24

Storage in Asia 22

Tank terminal update: Asia

24 Johor: Malaysia’s most promising oil cluster

36

30

The gateway for North East Asia trade

34

Creating a storage first for South Korea

36 Going underground in Singapore 38

Oil slump means boom time for Asian terminals

Market analysis

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

26

Riding the electric highway

33

A visible sign of success

01

CONTENTS

63

Contents Technical features 53

Technical news

63 Improving tank longevity with inspections 67

A wireless approach to tank level monitoring

70

The evolution of domes

74

Tank emissions: finding the true vapour pressure of heavy petroleum stocks

77

A new tank inspection tradition

80

Maintenance free remote fill solution

77

Speaker interviews 83

Insights from a selection of Tank Storage Asia’s industry experts

89

Events 89

Accelerating into the future A preview of some of the exhibitors at this year’s Tank Storage Asia exhibition at the Marina Bay Sands in Singapore.

103 Conversations in Cartagena

105 02

105 Storage on the Pearl of the Adriatic 108 Advertisers’ index 109 Upcoming events AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

CONTENTS

Technodyne International Limited

Leaders in Storage Tank Engineering and Design

Over 20 Years Experience Over 100 Tanks Designed and in Service Detailed Design Projects Engineering Studies Construction Supervision Services Tank Inspections and Consultancy

Expertise you can trust For more information please contact us T +44(0) 2380 62 99 29 ¡ F +44(0) 2380 61 31 13 webform@ technodyne.co.uk

03

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

www.technodyne.co.uk

a member of

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group

CONTRIBUTORS

Contributors

AUGUST/SEPTEMBER 17 Volume 13 Issue No.4

THE GATEWAY FOR NORTH EAST ASIA TRADE Jeongil Stolthaven Ulsan is embarking on more growth as demand for petrol storage grows

RIDING THE ELECTRIC HIGHWAY What impact could the rise of electric vehicles have on oil markets & tank terminals?

AUGUST/SEPTEMBER 17 Volume 13 Issue No.4

Rotary Logo (Master Brand)

Pantone 655C

Pantone 109C

Pantone 363C

Pantone 390C

REGIONAL FOCUS: ASIA Pantone 2945C

Pantone 130C

Pantone 109C

Pantone 130C

Pantone 2945C

Pantone 655C

Pantone 390C

Pantone 363C

The voice of the storage terminal industry

Front cover courtesy of Rotary Engineering

PUBLISHER Margaret Dunn t: +44 (0)20 3551 5721 e: margaret@tankstoragemag.com

EDITOR Jasmin McDermott t: +44 (0)20 3196 4402 e: jasmin@tankstoragemag.com

INTERNATIONAL SALES MANAGER David Kelly t: +44 (0)20 3196 4401 e: david@tankstoragemag.com

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SUBSCRIPTION MANAGER Henry Kenyon t: +44 (0)20 3196 4343 e: Henry.Kenyon@easyfairs.com

MANAGING DIRECTOR Matt Benyon t: +44 (0)20 3196 4310 e: matt.benyon@easyfairs.com

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@tankstorageinfo Tank Storage Magazine Tank Storage Magazine

Tank Storage Magazine (ISSN 1750-841X) is published six times a year (in February, March, May, August, October and November) by Easyfairs UK Ltd, 2nd Floor, Regal House, 70 London Road, Twickenham, TW1 3QS, UK. The 2017 US Institutional subscription prices is $243. Airfreight and mailing in the USA by Agent named Air Business, C/O Worldnet Shipping USA Inc., 155-11 146th Street, Jamaica, New York NY11434.

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Part of

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

CONTRIBUTORS

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COMMENT

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AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

COMMENT

A difficult job

R

ebalancing global oil markets was never going to be an easy job. The new production target of 35.5 million barrels per day at the beginning of 2017 – a reduction of 700,000 barrels per day – followed two difficult years for oil markets when prices tumbled in 2015.

However, this job has just become even more difficult. Around 230 million barrels of extra oil more difficult. The International Energy Agency has discovered that this amount of previously unaccounted for oil is still lingering in storage.

How has this happened? Through the discovery of changes in historical data that suggest demand in some developing countries was overstated.

To put this into some perspective, Bloomberg’s Julian Lee says this amount of oil increases the build-up in inventories since the beginning of 2014 by almost 25% and it draws out the rebalancing process by another six months.

And the March 2018 extension of the production cap has proved to be particularly painful for some countries. As such, compliance is slipping. In July, the compliance rate was 75% and OPEC’s production rose to its highest level in 2017.

However, demand for oil is growing yearon-year more strongly than first thought and there is talk that some OPEC countries are preparing for even deeper cuts. So, let’s watch this space, particularly in the run up to the next full ministerial meeting.

Aside from this, talk has turned to the rising phenomenon of the electric vehicle – particularly as the likes of France, the UK, India and China have announced initiatives to either cut the amount of petrol and diesel cars and/or increase the quota of electric vehicles.

Oil majors are also giving electric vehicles the nod in their future business strategies. Shell, for example, has forecast a ‘lower forever’ oil price as petroleum demand eventually declines as a result of initiatives to phase out combustion

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

engines in favour of EVs. But it is not all doom and gloom for oil markets, or the tank storage sector. In this issue, we examine the EV initiatives at play and how there remains a baseload demand for oil in other sectors.

In this issue, we also take a closer look at the Asian storage market and how an insatiable appetite for oil is fuelling demand for storage as the region absorbs excess crude supply.

South Korea’s Ulsan region is a particular hot spot for storage at the moment.

Jeongil Stolthaven Ulsan, the largest bulk liquid storage facility in the Ulsan/Onsan industry complex, talks to us about its growth plans to handle greater demand for petrol and petrol product storage.

Ulsan Port Authority executives reveal more about its plans for the North East Asian oil hub project, which will make the port the third largest storage hub for oil products and chemicals in the world once complete.

We also find out more about Benalec’s Tanjung Piai Maritime Industrial Park, which is capitalising on the fact that Johor is expected to become one of Malaysia’s major oil clusters.

This edition of Tank Storage Magazine will be at no less than eight global events.

In addition to being the official media partner for Tank Storage Asia in Singapore, this magazine will be distributed at Tank Storage Association in Coventry, UK, the NISTM in Galveston, Texas, Asia Downstream Week, in Singapore, EPCA in Berlin, Argus Africa Storage & Logistics in Cape Town, Bulk Liquid Storage Europe in Croatia and API in Seattle, US! We look forward to catching up with you at one of these events.

We hope you enjoy this edition.

With best wishes, Jasmin 07

TERMINAL NEWS

All the latest terminal storage news from around the globe

13 China will allow private companies to invest in storage

14 OTTCO signs agreement for Oman crude storage terminal

10 USD Partners acquire crude storage terminal

the americas

Africa & middle east

09 Vopak and AltaGas JV over propane export terminal

14 OTTCO signs agreement for Oman crude storage terminal

New liquid bulk storage terminal planned for South Africa

Agreement signed for Bioko Oil Terminal

Tank storage project boosts TransMontaigne financials

10 USD Partners acquires Oklahoma crude storage terminal

Vopak reaches agreement over emissions control at Texas terminal

15 Oiltanking buys additional stake in Iran chemical terminal

Tallgrass to develop crude storage terminal

11 Houston Fuel Oil Terminal Company bought by SemGroup

Worker killed following storage tank fire

Enterprise & Navigator to develop ethylene storage terminal

Howard Midstream to develop crude & natural gas infrastructure

VTTI acquires stake in Pakistan storage terminal project

EUROPE 16 Alkion completes acquisition of LBC assets 18 Investment company to acquire stake in LBC Tank Terminals

Asia

13 China will allow private companies to invest in storage

Global

Vietnam to expand oil storage by 2025

Oiltanking’s Indonesia terminal approved in Platts pricing

Last storage tank completed for Botlek expansion

19 Crude oil inventories to increase mid-2018

Visit www.tankstoragemag.com for the latest news and developments

CONNECT WITH US 08

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

TERMINAL NEWS l THE AMERICAS

TERMINAL NEWS THE AMERICAS

Vopak and AltaGas JV over propane export terminal AltaGas and Vopak will jointly invest in the development of the Ridley Island propane export terminal.

T

he facility will be the first propane export facility off the west coast of Canada and it is designed to ship 1.2 million tonnes of propane per annum, with 96,000 m3 of storage capacity. It is expected to be commissioned in the first quarter of 2019.

Vopak will take a 30% interest in the facility.

Its investment in the terminal is underpinned by long-term customer contracts and fulfils its strategy of focusing on the storage and handling of gas.

Canada has a structural surplus in gas and natural gas liquids for which Asia is an important market to export these energy products.

The facility site is near Prince Rupert, British Columbia and it has a strategic locational advantage given very short shipping distances to market in Asia of 10 days compared to 25

days from the US Gulf Coast.

Propane from British Columbia and Alberta will be transported to the facility using 50 to 60 rail cars a day through the existing CN rail network.

Eelco Hoekstra, chairman of the executive board and CEO of Vopak, says: ‘We are very much looking forward to working together with AltaGas in this new partnership. Storage and handling of gas is an important strategic focus area for Vopak. We are confident that we have found a strong partner in AltaGas that is a well-respected Canadian company with experience in developing energy projects.’

Separately from the facility, Vopak also has additional land rights on Ridley Island. Both Vopak and AltaGas will explore the potential to expand their relationship on Ridley Island.

Tank storage project boosts TransMontaigne financials An expansion project at TransMontaigne’s Collins bulk storage terminal, along with the company’s base business, has supported an increase in its first quarter financials.

Revenue for the first quarter of 2017 was $44.9 million, an increase of 10.6% compared to the same period in 2016.

Consolidated EBITDA for the first quarter of 2017 was $27.3 million, a 13.3% increase compared to 2016 results.

The company says the improvement can be primarily attributed to port of its Collins Phase I terminal expansion coming online and re-contracting of storage capacity throughout the past year, including a portion at higher rates and greater utilisation.

In December 2016, the company placed 900,000 barrels of the two million barrels of new tank capacity into service at the facility in Mississippi. In February and May 2017 it placed an additional 300,000 barrels and another 300,000 barrels respectively into service. Completion of the remaining capacity will occur in various stages through the second quarter of 2017.

The facility is the only independent terminal capable of receiving from, delivering to, and transferring refined petroleum products between the Colonial and Plantation pipeline systems.

The company says it is in the process of permitting an addition five million barrels of capacity for further construction at its Collins terminal and is in active discussion with several prospective customers regarding this.

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

‘We are very much looking forward to working together with AltaGas in this new partnership. Storage and handling of gas is an important strategic focus area for Vopak.

We are confident that we have found a strong partner in AltaGas that is a well-respected Canadian company with experience in developing energy projects.’

New Pipe Support Barrier Reduces Corrosion and Installation Costs Lift-Off Pipe Supports, a Lake Charles, Louisiana Company, has recently successfully designed, manufactured and installed their new “LOR” range of pipe supports with excellent results (according to the installers and pipeline company owners).

Lake Charles, LA, July 14, 2017 – ( PR.com ) – Lift-Off Pipe Supports has recently designed, manufactured and supplied their 6” and 8” LOR (Lift Off Rest) range of pipe supports to a well know pipeline operating company with excellent results.

The client is very impressed with the support as they do not fall off or get displaced during line expansion or contraction and very fast to install (about 15 minutes). An additional advantage is that the support cannot slide off the beam by using our patented design method.

No drilling or any mechanical fixing method is required, besides lifting the pipe off the beam.

No hot work is needed.

The LOR is unique in the sense that it has a very high conductivity resistance, to ensure that the pipelines and associated equipment is adequately grounded. A major cause of cathodic protection failures.

Lift-Off Pipe Supports supplied 6” and 8” LOR’s to suit 12,” 16,” 20” and 24” piping.

The advantage of the LOR is that the support barrier, or width only needs to be approximately half of the pipe diameter and addresses the contact point between the support beam and the pipe.

Lift-Off Pipe Supports supplys the LOR to suit structural sections from 1” to 16” wide flange widths to suite piping up to 48.”

+1 337-515-8590 Contact via Email www.liftoffpipe.com

09

TERMINAL NEWS l THE AMERICAS

USD Partners acquires Oklahoma crude storage terminal A crude oil terminal in Oklahoma has been bought by USD Partners to facilitate rail-to-pipeline shipments of crude oil.

T

he terminal in Stroud, which was bought for $25 million, will enable the shipment of crude from USD’s Hardisty terminal in western Canada to Cushing, Oklahoma.

USD has extended the term of take-or-pay terminalling services agreements related to 25% of the Hardisty terminal’s available capacity by one year.

Along with this transaction, USD has entered into a new multi-year, take-or-pay terminalling services agreement with an investment grade rates, multi-national energy customer for the use of 50% of the Stroud’s terminal’s available capacity.

Dan Borgen, CEO, says: ‘We are proud to announce the successful repositioning of an underutilised asset to create a competitive network solution for our new customer’s growing oil sands production.

‘Our Hardisty to Stroud rail solution delivers immediate takeaway capacity, preserves the integrity of our customer’s heavy barrels and enables substantial end market optionality at Cushing with available pipeline capacity to the Gulf Coast.’

The Stroud terminal is located on 76 acres and includes 104 railcar spots, which can unload one unit train per day, two 70,000 barrel onsite storage tanks and one truck bay.

The terminal also includes a 12-inch diameter, 17-mile pipeline directly connected to the Cushing hub. USD also obtained a lease for 300,000 barrels of crude oil tank storage at the Cushing hub to receive outbound shipments of crude oil from the Stroud terminal.

Jim Albertson, vice president, commercial development – Canada, adds: ‘This transaction reinforces the strategic positioning of our Hardisty asset and confirms our long-held view that rail will continue as an important component of midstream transportation infrastructure in western Canada.

‘This transaction reinforces the strategic positioning of our Hardisty asset and confirms our long-held view that rail will continue as an important component of midstream transportation infrastructure in western Canada’

10

Vopak reaches agreement over emissions control at Texas terminal A number of improvements are being made at Vopak Terminal Deer Park following an agreement with several federal agencies over its emissions.

The facility is investing $5 million in capital upgrades after it reached an agreement with the US Environmental Protection Agency, the US Department of Justice, the Texas Commission on Environmental Quality and the Texas Attorney General.

The agreement (consent decree) is not an admission of liability but represents an agreement between the terminal and the government on a range of new controls and processes.

The upgrades include enhanced operations procedures and improved tank covers as well as investment in advanced technologies such as the usage of forward looking infrared optical gas imaging cameras.

David Carter, Deer Park terminal manager, says: ‘Vopak is committed to being a leader and responsible company in the communities where we operate and we are happy to cooperate with all governmental agencies to ensure that our facilities meet the highest regulatory standards.

‘We are also committed to continuous improvement and look for ways each day to innovate in our operations and the way we do business.’

Tallgrass to develop crude storage terminal Tallgrass Energy Partners plans to develop a crude oil storage terminal following an agreement with Saddle Butte Pipeline.

The facility will be situated in the heart of the Platteville, Colorado oil terminal complex and will interconnect with Saddle Butte’s Denver-Julesburg Basin crude oil gathering system.

It is expected that the terminal will serve as a new pipeline origin for the Pony Express Platteville Extension. The extension is expected to have an ultimate takeaway capacity of at least 80,000 barrels of crude oil per day and is expected to be in service by the second quarter of 2018.

Tallgrass Terminals will wholly own and operate the new facility when it is completed. Consistent with the Pony Express Pipeline’s current operations, the Tallgrass Grasslands Terminal will offer batching service for several common streams sourced from multiple gathering system interconnects.

Doug Johnson, vice president and general manager of Tallgrass Pony Express Pipeline, says: ‘The proposed Platteville Extension and Tallgrass Grasslands Terminal, together with our existing Buckingham Terminal and Northeast Colorado Lateral, give Pony Express and Tallgrass Terminals an unrivalled footprint in the Denver-Julesburg area and provide meaningful benefits to producers.

‘Via its direct connections to refineries and six final-destination terminals in Cushing, Pony Express provides customers a broad range of delivery options and improved netbacks versus other alternative transport options.’

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

TERMINAL NEWS l THE AMERICAS

Houston Fuel Oil Terminal Company bought by SemGroup One of the largest oil terminals in the US has been acquired by SemGroup Corporation from investment funds managed by Alinda Capital Partners.

The 16.8 million barrel terminal, on 330 acres of land, is located on the US Gulf Coast with pipeline connectivity to the local refining complex, deep water marine access and inbound pipeline, rail and truck receipt capabilities from all major producing basins.

The facility is currently undergoing a series of growth projects, including a new ship dock, a new pipeline and connections as well as an additional 1.45 million barrels of crude oil storage. This is due to be completed by mid-2018.

Carlin Conner, SemGroup president and CEO, says: ‘With the additional of [the terminal], SemGroup will be uniquely positioned to capture the future trends in exporting crude oil and refined products resulting from the near and long-term anticipated growth in US shale production.’

The acquisition is expected to close in the third quarter of 2017.

Worker killed following storage tank fire A fire at Anadarko Petroleum killed a maintenance worker and injured three others.

The incident, involving an oil tank battery, happened on May 25 as crews performed maintenance on a collection of oil tanks at the facility near Mead, Colorado according to the Weld County Sheriff’s Office.

When officers arrived on the scene the battery was fully engulfed in flames, which is being attributed as an industrial accident.

Three people working on the battery were transported to medical centres, two being treated for burns.

The Sheriff’s Office, Mountain View Fire and Anadarko worked to ensure all the individuals working on the site were accounted for and another person working on the battery was discovered and was declared dead at the scene. The identity of the worker will be released by the Weld County Coroner’s Office following their investigation.

Howard Midstream to develop crude & natural gas infrastructure Howard Midstream Energy Partners and WPX Energy will develop crude oil and natural gas gathering and processing infrastructure in the Delaware Basin.

As part of the strategic partnership, Howard Midstream will complete construction of a 50 mile crude oil gathering system, build a new cryogenic natural gas processing complex with an initial capacity of 400 million cubic feet per day and build associated natural gas and product pipelines.

The 50/50 joint venture is supported by an area of mutual interest of more than 600 square miles in Lea and Eddy Counties, New Mexico and Reeves and Loving Counties, Texas, with 50,000 net acres currently dedicated by WPX. Mike Howard, Howard Energy Partners’ chairman and CEO, says: ‘Historically, producer-backed midstream companies have performed well given the strong alignment of interests. We are excited about the strategic partnership with WPX, one of the strongest players in the Permian Basin, and the positive implications it has for our business.’

The Tank Tiger A clearing house for tank storage!

Enterprise & Navigator to develop ethylene storage terminal Enterprise Products Partners and Navigator Holdings plan to develop an ethylene marine export terminal on the Houston Ship Channel.

Enterprise will manage the construction, operations and commercial activities of the terminal, which will be located at its Morgan’s Point complex.

The export terminal will be connected to Enterprise’s high-capacity ethylene salt dome storage and ethylene pipeline system, which is currently under construction. The storage facility will have 600 million pounds of capacity. Its pipeline system will be connected to multiple producers and consumers of ethylene on the US Gulf Coast.

In a statement, Enterprise says that the storage and pipeline system, along with the export terminal, will provide the petrochemical industry with logistical flexibility and an outlet to international markets. The petrochemical industry in the US is flourishing at the moment, and ethylene production capacity is expanding by 45% between 2016 and 2020.

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

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11

TERMINAL NEWS l ASIA

Myanmar joint ventureWestorage terminal launched Can, We Care A joint venture petroleum products terminal between Puma Energy and Asia Sun Energy has been launched in Myanmar.

T

he $92 million investment in the Puma Energy Asia Sun terminal, located at Thilawa port, is first of its kind for the Myanmar petroleum industry, which has just opened up to foreign direct investment in this area.

With 91,000 m3 of capacity, the terminal is the largest and most modern refined prod-

ucts import terminal in Myanmar. It caters for a range of petroleum products including commercial fuels, HFO, bitumen and jet fuel.

The terminal is the first in the country to be built to API, ASME and NFPA international guidelines for construction, safety and environmental standards.

David Holden, general manager of Puma

Energy Asia Sun, says: ‘Puma Energy Asia Sun has invested close to $100 million in this vital fuel infrastructure to support the long-term economic development of the country. The Thilawa terminal will support Myanmar’s increasing need for transport fuel and contribute towards the nation’s development.’

Puma reports sales growth despite some headwinds Puma Energy has reported a 3% in sales volumes despite headwinds in some regions.

The company attributed its growth to good retail and aviation performance, however B2B was negatively affected by the slowdown of certain economies, particularly in Africa.

Its gross profit and EBITDA decreased compared to a very strong first quarter of 2016.

Its overall storage capacity increased to eight million m3 as aStores result of the forsucyou. cessful completion of Dinh Vu terminal in Vietnam and the integration of the terminal acquired from BP in Northern Ireland.

Denis Chazarain, CFO, says: ‘I am pleased to report that, despite facing headwinds in certain regions, we have had a steady start to the year.

‘With the completion of several of our projects, capex was predominantly spent on storage construction and infrastructure projects, while a new terminal in Vietnam has increased storage capacity to eight million m3.

‘Puma Energy remains in good shape and, with strict credit discipline and a focus on working capital management, we will continue to leverage our positions in our key markets and I look forward to a successful remainder of the year.’

Dialog looks to develop more storage terminals Dialog is looking to secure new potential partners for its next phase of the Pengerang Deepwater Terminal project.

The group, which generated RM913.6 million of revenue inScores its third quarter financial results, ending for you.

March 31 2017, says that Phase 3 of the project will include the development of more petroleum and petrochemical storage terminals.

It says that further development of the Pengerang Deepwater Terminal, which is currently undergoing construction of Phase 2, will provide more opportunities for its engineering, construction, fabrication and plant maintenance services.

Additionally, the group is also developing an industrial estate with a land area of approximately 170 acres that would support the development of further downstream petroleum and petrochemical industries in Pengerang, Johor.

It says in a statement: ‘Dialog remains confident that its business model is well structured and can withstand the current oil price volatility and currency movements. The group’s financial track record has proven that Dialog’s business is well risk-managed and sustainable.

‘Barring any unforeseen circumstances, the group is optimistic that it will continue to deliver a healthy performance for the financial year ending June 30 2017.’

‘Barring any unforeseen circumstances, the group is optimistic that it will continue to deliver a healthy performance for the financial year ending June 30 2017’

Your reliable storage partner for everything liquid.

12

www.oiltanking.com

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

TERMINAL NEWS l ASIA

TERMINAL NEWS ASIA

China will allow private companies to invest in storage China’s government has said it will eventually allow private companies to invest in the country’s oil and gas storage.

A

ccording to Reuters, which quotes a blueprint document for its energy sector, the State Council said it would aim to increase government investment in the country’s oil storage facilities while also allowing non-state firms to operate storage. However the document did not provide further details.

The country has ramped up construction of storage facilities primarily for its strategic reserves. Underground caverns have been built capable of holding a substantial amount of its SPR by 2020 as it looks for alternatives to expensive and exposed above ground tanks in crowded coastal regions.

Reuters says that the government has previously said it would take steps such as pushing to open upstream oil and gas exploration to private companies, help split natural gas sales from gas pipeline operations and lift the output of higher quality oil products.

Oiltanking’s Indonesian terminal approved in Platts pricing Oiltanking’s Karimun terminal has been approved

by S&P Global Platts to be in its Singapore pricing process for gasoil, jet fuel and petrol cargos.

In a note to its subscribers, Platts says it will publish offers of oil product cargoes loading from the storage terminal in its pricing process.

It will publish seller’s offers from Karimun on a free-on-board Indonesia basis, where the seller needs to state the loading point as FOB Karimun at the time of indicating their interest to Platts for publication.

Reuters reports that this will be the first Indonesian delivery point in Platts’ Singapore price assessment process. Other loading points outside Singapore that Platts includes in its oil product assessments include Malaysia’s Tanjung Langsat, Tanjung Bin, Pengerang and some floating storage units.

The company will not publish FOB Indonesia bids and sellers may not unilaterally nominate Karimun as a loading point for deals done under basis of FOB Straits, which includes the terminals located outside of Singapore.

Vietnam to expand oil storage by 2025 Vietnam is looking to build a strategic petroleum reserve and grow commercial storage for crude oil and oil products by 2025.

In a document reviewed by Reuters, the country plans to spend more than $6 billion on the project and plans to build strategic petroleum reserves of up to 2.2 million m3 of crude oil by 2020.

Reuters says that strategic oil product reserves by 2020 will total 1.8 million m3, equal to 14 days of fuel imports.

The country’s prime minster approved a plan earlier in July to build crude and petroleum stocks of at least 90 days’ worth of net imports by 2020.

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

13

TERMINAL NEWS l AFRICA & MIDDLE EAST

TERMINAL NEWS AFRICA & MIDDLE EAST

OTTCO signs agreement for Oman crude storage terminal The Special Economic Zone Authority at Duqm and the Oman Tank Terminal Company (OTTCO) have signed an agreement over the construction of the Ras Markas crude oil storage terminal.

T

he usufruct agreement allocates 1,253 hectares of land in Duqm for the Ras Markaz terminal for a period of 40 years. It grants the company exclusive rights for the storage of crude oil and its derivative in the area for a period of 20 years and for five years in the Special Economic Zone Authority at Duqm.

A five year development plan has been established to cover the construction of tanks, creation of floating platforms and piers for the import and export of crude oil, a pier for the tug boats under water pipelines to receive and export oil with lengths ranging from 5 km to 7 km. It also covers the creation of plant for pumping oil to the tanks.

The first phase of the five phase project will comprise 26 million barrels of storage with marine facilities for importing and exporting crude oil. It is

expected to cost $1.7 billion during phase I. The second phase is expected to cost $700 million.

A statement from OTTCO says that the terminal will be designed to allow for blending, loading and unloading ships at reasonable times. It is expected that the terminal will have an operational capacity of around 99%.

In September 2015, the company achieved a world first with its floating storage facility, with a capacity of 2.1 million barrels. OTTCO was the first storage company in the world to providing floating storage linked to an energy futures contract.

The facility, at Minal Al Fahal, serves customers of Oman Export Blend and China Oil. It was built as an interim storage solution for select customers ahead of the commissioning of the Ras Markaz Crude Oil Park.

New liquid bulk storage terminal planned for South Africa Oiltanking Grindrod Calulo Holdings has been appointed a contractor for a new liquid bulk storage terminal at the Port of Ngqura.

Transnet National Ports Authority appointed the storage operator to plan, fund, construct, maintain and operate the new facility following the conclusion of the build, operate and transfer agreement in December 2016.

Construction is due to start at the end of 2017 and it is expected to be complete and commissioned by the third quarter of 2019.

The first phase of the facility will provide 150,000 m3 of storage capacity for refined petroleum products. It also involves the replacement of tanks currently in use in Port Elizabeth, which will be decommissioned and the land redeveloped.

Additional phases of the project will involve an additional 550,000 m3 of storage capacity and handling. The new facility will serve oil majors, new entrants into the South African oil industry as well as international traders.

This will represent Oiltanking’s first holding in a South African fuel terminal. For Grindrod, the Ngqura liquid storage facility provides diversification into fuel storage and handling and aligns with its coastal tanker shipping through Unicorn Tankers.

14

A five year development plan has been established to cover the construction of tanks, floating platforms and piers for the import & export of crude oil

Agreement signed for Bioko Oil Terminal The Government of Equatorial Guinea and Arabian Energy have signed an agreement on the development of a petroleum storage terminal in the country.

It has been reported that the Bioko Oil Terminal could become the largest oil and petroleum storage facility in West Africa.

The project, which is worth $500 million, will comprise 22 storage tanks with a total capacity of 1.2 million m3. It will be built in two phases, the first consisting of refined production and the second capable of storing, handling and blending middle distillates and light ends such as diesel, jet fuel, petrol and naphtha as well as crude oil.

Arabian Energy says the terminal infrastructure will be operated on a ‘first come, first served’ basis.

Dr Saud Al Anazi, chairman and owner of Arabian Energy, says: ‘By decreasing major imports of petroleum products, the Bioko Oil Terminal will promote efficiency in the midstream space. This investment will have a ripple effect in the value chain of many African economies value chain, creating employment opportunities, efficient and timely delivery of products and competitive pricing.’

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

TERMINAL NEWS l AFRICA & MIDDLE EAST

Oiltanking buys additional stake in Iran chemical terminal Oiltanking has expanded its investment in the port of Bandar Imam Khomeini in Iran with an additional stake in a storage terminal.

The company has acquired an additional stake of the indirect ownership in Exir Chemical Terminal PJSCo – increasing its indirect stake from 35% to a majority share of 70%.

The terminal, a joint venture between Oiltanking Odfjell and private Iranian investors, was commissioned in January 2010.

It is strategically located in the petrochemical special economic zone of Bandar Imam Khomeini and is connected by pipelines to jetties of the zone at the Persian Gulf and comprises 18 tanks with a capacity of 22,000 m3.

Despite the sanctions that were placed against Iran, it has been in continuous operation in spite of the difficult market conditions.

In a statement Oiltanking says: ‘Oiltanking considers the acquisition as a unique opportunity to build a majority stake in a state-of-the-art terminal.

‘While last year’s partial sanctions relief

has not yet unlocked the country’s full potential, the location of the terminal provides a significant opportunity for expansion to capitalise on expected market developments.’

VTTI acquires stake in Pakistan storage terminal project VTTI has bought a 51% stake in a storage terminal project in Pakistan for refined oil products.

The greenfield project comprises 233,400 m3 of capacity at a location near Karachi.

The company says in a statement that its international network combined with the support of local partners Hascol and Fossil will ‘ensure the future terminal is one of the key independent regional terminals required to supply the growing domestic market’.

It adds: ‘It is expected that due to local economic and demographic growth, the demand for refined products will increase significantly in the future. Through this investment, we are supporting the development of the infrastructure needed to further develop energy security in the region.’

SCANDINAVIAN BY BIRTH

W O R L D

C L A S S

B Y

C H O I C E

600.000 CBM

OF BULK LIQUID STORAGE CAPACITY THROUGOUT SCANDINAVIA

www.itank.se +46 (0) 31 49 34 60

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

15

TERMINAL NEWS l EUROPE

TERMINAL NEWS EUROPE Alkion completes acquisition of LBC assets Alkion Terminals has completed the acquisition of a stake in LBC Sogestrol and the full ownership of tank terminals in France, Spain and Portugal.

Additionally, the company has also bought a bulk liquid tank terminal in Italy from ENI. Alkion will be the sole owner and operator of Alkion Terminal Vado Ligure in Savona. It benefits from a strategic seafront location and is connected by pipeline to the Trecate Refinery.

The company says it is committed to invest further in the modernisation and expansion of the facility’s storage capacity and infrastructure.

Rutger van Thiel, CEO at Alkion Terminals and partner at Coloured Finches, says: ‘We look forward to continue serving the European petroleum and chemical industry at our ten Alkion terminals and to pursue

The transaction with LBC includes a 50% shareholding of LBC in LBC Sogestrol and full ownership fo four terminals in France, two in Spain and one in Portugal.

Additionally, Alkion and Sogestran also completed the sale of Sogestran’s 50% shareholding in LBC Sogestrol. Once the transaction is closed, Alkion will be the sole owner and operator of LBC Sogestrol in La Havre, France.

Following the transactions Alkion owns and operates nine terminals in four countries with a total capacity of more than one million m3. Alkion says it intends to invest further in improving and expanding the assets it has acquired to provide its existing and new customers a world-class service.

our ambition to further expand the Alkion network into Europe.’

The company was established in 2016 as a new terminal operator focusing on Western Europe. It is creating a network of terminals that perform a primary role in the hydrocarbon downstream and other liquid bulk logistics value chain.

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The updated 2017/18 Tank Storage terminal map lists the location of 1,500 facilities that offer third party storage for oil, chemicals, biofuels and gases.

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102 73 43 20 75 63 60 19 21 22 62 64 58 52 100 44 23 24 54 66 65 99 89 115 59 46 47 48 108 45 67 61 88 121 122 124 87 106 109 116 117 50 103 125 126 127 118 120 68 38 55 69 70

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The tank storage sector remains an active market for mergers and acquisitions and this map is an excellent way of keeping track of the storage market.

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The map is free to all Tank Storage Magazine subscribers. A subscription costs €210 a year and includes seven issues of the magazine, as well as digital versions.

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Every issue includes exclusive interviews with terminal operators, market analysis on a particular region, a list of terminals that are being built/expanded around the world and a selection of articles on way to make terminals safer and more efficient.

SOUTH AMERICA AND ANTARTICA Terminal Name

Terminal Country Terminal Port

886 Compañía General de Combustibles S.A. Argentina 887 Destileria Argentina de Petroleo S.A. (DAPSA) Argentina 888 Oiltanking Ebytem S.A. (Puerto Rosales) Argentina

Punta Loyola Buenos Aires Bahia Blanca

Terminal Website www.cgc.com.ar www.dapsa.com www.oiltanking.com

Total Cap. (m³) No. Tanks 140000 145800 479994

8 75 18

Products CO, PP CO, PP, CP CO, VO, OP

Access S, RL, P S, RD S, RL, RD, P

Draft Max (m) 12 7 13

To subscribe now, email margaret@tankstoragemag.com or visit www.tankstoragemag.com/shop 889 Petromining S.A. 890 Rutilex Hidrocarburos Argentinos S.A. 891 Terminales Maritimas Patagonicas S.A.

892 Vitco S.A. (Vitol Zarate) 893 Ageo Terminais e Armazéns Gerais S.A.

894 Cattalini Terminais Maritimos S.A. 895 Cattalini Terminais Maritimos S.A. (CT 04) 896 Decal Brasil Ltda.

897 Dow Química Co. (Guarujá) 898 FSO Cidade de Macae MV15 899 Granel Química Ltda. (São Luís)

900 Petróleo Brasileiro S.A. (Ilha Comprida) 901 Transpetro S.A. (Angra dos Reis) 902 Transpetro S.A. (Aracajú)

903 Transpetro S.A. (Cabiúnas) 904 Transpetro S.A. (Campos Elíseos) 905 Transpetro S.A. (Guararema) 906 Transpetro S.A. (Ilha d’água)

907 Transpetro S.A. (Madre de Deus) 908 Transpetro S.A. (Mucuripe) 909 Transpetro S.A. (Osório)

910 Transpetro S.A. (Paranaguá) 911 Transpetro S.A. (Pecém) 912 Transpetro S.A. (Santos)

913 Transpetro S.A. (São Francisco do Sul) 914 Transpetro S.A. (São Sebastião) 915 Transpetro S.A. (Vitória)

16

916 Ultracargo (Aratu) 917 Ultracargo (Santos)

918 Ultracargo (Suape) 919 Vopak Brazil S.A. (Santos) 920 Interacid Chile Ltda (Mejillones)

921 Terminal Mejillones S.A. 922 S.P.R. Buenaventura S.A. 923 Oiltanking Colombia S.A. (Puerto Bahia)

924 OCP Ecuador S.A. 925 OCP Ecuador S.A. (Marítimo) 926 Consorcio Terminales (Callao)

927 Consorcio Terminales (Mollendo)

928 Pure Biofuels Del Peru S.A.C. 929 Vopak Venezuela S.A.

Argentina Argentina Argentina

Argentina Brazil

Brazil Brazil Brazil

Brazil Brazil Brazil

Brazil Brazil Brazil

Brazil Brazil Brazil Brazil

Brazil Brazil Brazil

Brazil Brazil Brazil

Brazil Brazil Brazil

Brazil Brazil

Brazil Brazil Chile

Chile Colombia Colombia

Ecuador Ecuador Peru

Peru

Peru Venezuela

Campana Campana Caleta Cordova

Zarate Santos

Paranaguá Paranaguá Suape

Guarujá Campos Basin Itaqui

Ilha Comprida Angra Carmópolis

Macae Rio de Janeiro Guararema

Rio de Janeiro

Madre de Deus Mucuripe Osório

Paranaguá Pecém Santos

www.trafigura.com www.rhasa.com.ar www.termap.com.ar

www.vitco.com.ar; www.vtti.com www.ageoterminais.com.br

www.cattaliniterminais.com.br www.cattaliniterminais.com.br www.decalstorage.com

www.dow.com/brasil www.petrobras.com www.granel.com.br

www.petrobras.com.br www.transpetro.com.br www.transpetro.com.br

www.transpetro.com.br www.transpetro.com.br www.transpetro.com.br www.transpetro.com.br

www.transpetro.com.br www.transpetro.com www.tranpetro.com.br

www.transpetro.com.br www.transpetro.com.br www.transpetro.com.br

São Fransciso do Sul www.transpetro.com.br São Sebastião www.transpetro.com.br Vitória www.transpetro.com.br

Aratu Santos

Suape Alemoa Mejillones

Mejillones Buenaventura Cartagena

Lago Agrio Esmeraldas Callao

Mollendo

Callao Puerto Cabello

www.ultracargo.com.br www.ultracargo.com.br

www.ultracargo.com.br www.vopak.com www.interacid.cl

www.ultraportchile.cl www.sprbun.com www.oiltanking.com

www.ocpecuador.com www.ocpecuador.com www.oiltanking.com

www.oiltanking.com

www.pbf.com.pe www.vopak.com

128000 229000 330000

13 67 14

217380 193201

24 105

200000 341822 127045

30 1 49

257599 140000 105141

154042 978066 155788

489968 552292 1048992 165066

656690 128000 701200

204134 128000 346136

466622 2069313 105656

209470 286309

130688 174141 136000

220000 230000 424160

190785 596200 179969

134924

165180 130322

58 19 13

5 17 5

12 10 14 20

30 9 19

34 5 26

10 38 21

89 156

35 112 7 11 20 8

6 10 33

20

19 145

PP, B PP CO

PP, CP, VO PP, CP

PP, CP, VO PP, B CO, PP, CP, B, OP

CP CO CP, VO

PP, LNG, LPG CO, PP CO

CO, NGL CO, PP CO, PP, B PP

PP, LPG, B CO, PP, NGL, LPG CO, PP

PP, NGL LPG PP, LPG, B

B, RD B, RD, P S, RD, P

S, B, RD S, RD

S, RL, RD S, B, RD S, RD, P

S, RD S S, RL, RD

S, P S, RD, P S, RL, RD, P

RD, P RD, P RD, P S, P

S, RD, P S, RD, P S, RD, P

S, RL, RD, P S, RL, P S, RD, P

CO CO, PP, CP PP, CP, B

S, RD S, P S, RL, RD

PP, CP, LPG, VO, B PP, CP, VO, B, OP CP

S, RD, P S, RD S, RL, RD

PP, CP, VO, B S, RL, RD, P CO, PP, CP, LPG, VO, B S, B, RD, RL

CP CO, PP CO, PP

CO CO PP, CP, LPG, B

PP, LPG, OP

VO, B, OP CP, VO

8 18

10 15

12 12 17

10

Terminal Country

Terminal Port

Terminal Website

Total Cap. (m³) N o. Tanks Products

Dubendi

www.mepf.com

341000

CO, PP

S, RL, RD, P

9

Chittagong

www.sagroupbd.com

105000

PP, CP, VO, OP

S, B, RD

9

19 Changjiang International Yangzhou Petrochemical Terminal

China

Yizheng

www.cj-int.cn

136250

CP

B, RD

20 Changshu Huarun Chemical Co., Ltd.

China

Changshu

www.cscrcchem.com

160000

49

Access Draft Max (m)

Azerbaijan Bangladesh

31

S, B, RD

10

21 Changshu Huihai Chemical Terminal Co., Ltd.

China

Changshu

www.southernpec.com

340000

80

PP, CP

B, RD

11

22 Changshu Qianhong Petrochemical Terminal Co., Ltd.

China

Changshu

www.cn-nthq.com

152000

36

60

CP, NGL

CP, NGL

B, RD

8 16

23 ChangZhou XinHua Petrochemical Storage and Transportation

China

Changzhou

115000

41

CP, NGL

B, RD

24 Changzhou Xinrun Petrochemical Terminal Co., Ltd.

China

Changzhou

544000

80

CP, LPG

B, RD

25 China National Silk Yingkou Xianrendao Liquid Chemicals

103600

30

26 Dalian Chang Xing Island Port Investment & Development

China

Dalian

1200000

12

27 Dalian Mingyuan Storage Tank Wharf Co., Ltd.

China

Dalian

144000

28 Dalian Port Oil Terminal Co., Ltd.

China

China

Yingkou

www.crcchem.com cstank.com www.dlmy.com

Dalian

www.portdalian.com

29 Dalian Port Petrochemical Co., Ltd.

China

Dalian

www.dlport.cn

30 Dongguan Dongzhou International Petrochemical Storage

China

Dongguan

31 Dongguan Evergrowing Terminal Co., Ltd.

China

Dongguan

32 Dongguan Humen Port Jiufeng Petrochemical Terminal

China

Dongguan

www.grsl.cc

3988000

125

CP

S, RL, RD S

20

S, RL, RD

10

CO, PP, CP

S, RL, RD, P

4100000

PP, CP

S, RL, RD

278000

PP, CP

S, RD

85

14

CO, PP PP, CP

25 15

241300

97

PP, CP

S, B, RD

12

441500

29

PP, LPG

S, B, RD

20

35 14

15

12 12 19

11 15 12

14 15 19

14

30 11

13 11

N

CP Chemical Products

L

PP Petroleum Products

L

Whilst every effort has been ma responsibility for inaccuracies and wish to recommend a terminal for i

12 12

15 12 14

KEY CO Crude Oil

Terminals in very populat capacity of 100,000m3 ha full details have not been of space. For further infor margaret@tankstoragema

22 23 12

S, RL, RD S, RD S, RD, P

S, RD S, RD

Terminal Name

17 Middle East Petroleum (Dubendi) 18 South Eastern Tank Terminal Ltd.

12

S, RL, RD, P

RD, P S, RD, P S, B, RD, RL

ASIA

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

TERMINAL NEWS l GLOBAL

Flying the flag 5 strategically located countries in Northern Europe 16 terminals 4.3 million cubic metres of storage 85+ years of experience 1st choice in bulk liquid and gas storage Inter Terminals Ltd +44 (0)1737 778108 Info@InterTerminals.com | www.InterTerminals.com Inter Terminals is owned by Inter Pipeline Ltd. www.interpipeline.com AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

17

TERMINAL NEWS l EUROPE

Investment company to acquire stake in LBC Tank Terminals

Last storage tank completed for Botlek expansion HES Botlek Tank Terminal’s storage capacity expansion is almost complete following the completion of the last tank.

Private investment company Ardian has signed an agreement to acquire a stake in LBC Tank Terminals from Super and Sunsuper.

Following the transaction, Ardian will hold a 35% share in LBC and current shareholders APG and PGGM will remain invested in the company with a 32.5% stake each.

Walter Wattenbergh, Group CEO of LBC, says: ‘We are delighted to welcome Ardian as a new shareholder. LBC is at a significant transition point in its business strategy, in particular as the business shifts its focus toward expansion of its facilities in the US and Europe.

‘This trend has been identified by Ardian and we value the experience and support they provide to LBC during this period of strategic change.’

LBC represents the 3rd US dollar denominated investment undertaken by the Ardian Infrastructure team in recent months. Completion of the transaction is subject to a number of conditions including relevant regulatory approvals.

The last tank, which was built off-site, will be transported to the facility on July 21, thus concluding the project which comprised seven ready-to-install tanks with a volume of 10,000 m3, which were transported from the SJR Group’s Rotterdam construction site to Botlek over water.

Charles Smissaert, MD of terminal, says: ‘The construction and delivery of

these tanks is part of a bigger project, which is set to more than double HES Botlek Tank Terminal’s storage capacity from 200,000 m3 to 477,000 m3.

The expansion has been partly executed by the delivery of a total of seven off-site constructed storage tanks. This expansion is covered by a multi-year contract.

TANK & TERMINAL DEMOLITION

NATIONWIDE SERVICE

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www.midwest-steel.com demolition@midwest-steel.com 713-991-7843

18

“BEST OF THE BEST” - Houston Business Roundtable

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

TERMINAL NEWS l GLOBAL

TERMINAL NEWS GLOBAL

Crude oil inventories to increase mid-2018 The largest global increase of crude oil inventories is expected in the second quarter of 2018.

T

he EIA’s Short-term energy outlook was revised slightly downward following OPEC’s announcement of an extension to production cuts for the next nine months.

OPEC’s crude oil production target will remain at 32.5 million barrels per day through to the end of the first quarter of 2018. As a result, the EIA now forecasts OPEC members’ crude oil production to average 32.3 million barrels per day in 2017 and 32.8 million barrels per day in 2018.

Total OPEC liquid fuels production is also expected to be lower than previously forecast however, contin-

‘Supply growth in 2018 could contribute to downward pressure in oil prices as early as late 2017’ uing production growth in many non-OPEC countries is expected to moderate the pace of global liquid fuels inventory draws in 2017.

The largest global inventory increase in the forecast occurs in the second quarter of 2018, when Brazilian and OPEC production are expected to increase by 570,000 barrels per day and 220,000 barrels per day, respectively.

Supply growth in 2018 could contribute to downward pressure in oil prices as early as late 2017.

However, EIA’s STEO forecast assumes that OPEC cuts will be extended beyond March 2018 but that non-compliance will begin to grow in late 2017 and increase in the second half of 2018.

The agency expects US crude oil production to increase through 2018, averaging 9.3 million barrels per day in 2017 and 10 million barrels per day in 2018.

OIL MARKET REBALANCING Oil market volatility has started to decline and investment in the industry has started to improve as a result of OPECs production cut.

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) noted that the oil market is making ‘steady and significant progress towards rebalancing’. It found that the continued strengthening of global recovery is underway.

According to a report by the Joint OPEC-NonOPEC Technical Committee, oil demand is expected to increase significantly in the second half of 2017, compared to the first half, with growth reaching 2 million barrels per day.

Additionally, between January and June 2017, the participating producing countries reduced their production by an estimated volume of 351 million barrels.

However, the JMMC noted that despite the successes, more can still be improved by some participating producing countries.

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

19

INCIDENT REPORT

INCIDENT REPORT A summary of the recent explosions, fires and leaks in the tank storage industry 13/7/17

30/7/17

Bastrop County, Texas

Rotterdam, the Netherlands

Magellan Midstream Partners

Shell Pernis Refinery

An accident at a pumping station caused 1,200 barrels of crude oil to spill from Magellan’s Longhorn Pipeline. A maintenance contractor struck a fitting on the pipeline four miles southwest of Bastrop, resulting in the company shutting the pipeline and isolating the affected segment. A mile-wide evacuation of the surrounding area was put in place. More than 100 workers assisted in the clean-up effort. No one was injured in the incident.

Shell shut down Europe’s biggest refinery following a fire at one of its high-voltage power stations. Firefighters quickly brought the blaze under control however executives at the refinery decided to shut down all units at the site as they are all interconnected and several of them were out of service due to the power outage caused by the blaze. An investigation was launched into the cause of the fire.

16/7/17 23/7/17

Calabar, Cross River State, Nigeria

Jackson Point, Cayman Islands

Linc oil and gas tank farm

Sol Petroleum Firefighters battled for eight hours to extinguish a blaze inside a diesel tank. The fire was detected by an on-site technician. Thermal imaging cameras were used to establish the source of the fire before it was doused with foam and cooling water jets. No one was injured and an investigation has been launched to establish the cause of the fire.

20

A total of 9 people died and many were injured following an explosions and fire at a tank farm. It is believed the incident occurred when a vessel was supplying petrol to two tank farms in the early hours of the morning. The injured were taken to a nearby hospital in Calabar. Eyewitnesses said that one of the pipes was opened and petrol followed through gutters which then sparked and caught light. Some vessels along the river next to the facility were destroyed.

AUGUST/SEPTEMBER 2017 VOLUME 13 ISSUE NO.4

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