Oil

JV signed to build R2bn Saldanha Bay crude oil facility

Oiltanking Grindrod Calulo Holdings (OTGC), a subsidiary of Germany’s Oiltanking group, and Mining, Oil and Gas Services (MOGS) on Wednesday announced a joint venture (JV) agreement to construct a R2-billion commercial crude oil storage and blending terminal at the Saldanha Bay port.

The terminal would have a capacity of 13.2-million barrels, comprising twelve 1.1-million barrel concrete tanks. Read on Engineering News >

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