Petroleum Africa
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Sunday, December 24, 2017
Oil tanking out of Germany has expanded its position in Mozambique with a new storage facility in Matola. The company also expanded its investments in the ports of Matola and Beira by increasing its direct stake in Oiltanking Mozambique from 60% to 80%, according to the company.
The company said in a statement that the Matola terminal received its first ship on November 26, and the current storage capacity of 58,600 cubic meters may be expanded, given that there is enough land for its expansion.
The terminal has a jetty that can accommodate ships with a maximum draft of 11.5 meters and also has facilities for loading trains and trucks to serve the southern region of Mozambique, the neighboring countries of Swaziland, Zimbabwe and Botswana and the northern provinces of South Africa.
“Mozambique is one of the main transit platforms for oil products on the east coast of Africa,” said Lo Vanhaelen, managing director of Oil tanking Matola.
Oil tanking is considering constructing an LPG terminal at the site. There are also plans under consideration to construct another terminal at the port of Beira to facilitate the import of oil products to supply both central Mozambique, Zimbabwe, Malawi, Zambia and the DRC.
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