German company Oiltanking now has a new storage facility in Matola, Mozambique, and has 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 Hamburg-based company, a subsidiary of the Marquard & Bahls AG group.
The company, founded in 1972, also said in a statement that the Matola terminal received its first ship on 26 November, and the current storage capacity of 58,600 cubic metres 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 metres and also has facilities for loading trains and trucks to serve the southern region of Mozambique, the neighbouring 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 Oiltanking Matola.
On the land available for future expansion at Matola, Oiltanking intends to build a terminal to store up to 33,000 cubic metres of liquefied petroleum gas (LPG), where it will add another 70,000 cubic metres of liquid storage.
The company is also studying the construction of another terminal in the port of Beira to facilitate the import of oil products to supply both central Mozambique, Zimbabwe, Malawi, Zambia and the Democratic Republic of Congo.
Oiltanking owns and operates 80 terminals in 24 countries with a combined storage capacity of 21 million cubic metres. (macauhub)