Contract awarded to build Tangiers terminal
Horizon Tangiers Terminals has awarded a $120 million contract for the construction of its new oil storage terminal at Tangiers, Morocco to a Dutch engineering and project management company.
Bateman Litwin N.V. said in an announcement that its wholly-owned subsidiary, Litwin SA, has been awarded the $120 million (including option) contract for the engineering, procurement and construction of the terminal.
The project will include the supply of 17 tanks with a total capacity of 500,000 cubic meters (m³) capacity, flow lines, unloading/loading facilities, electrification and instrumentation works as well as civil works, according to Bateman Litwin.
The project is part of the development program of the new port of Tánger-Méditerranée (Tangier-Med), strategically located at the entrance of the Mediterranean basin.
A significant part of the terminal will be used to store and distribute fuel oil for the bunker market. It is also slated to have storage for various types of diesel, including marine distillates, and for motor gasoline.
Max Abitbol, Chief Executive Officer of Litwin SA said:
"This project is a key element of the visionary program for the development of the new port of Tangiers set out by the Moroccan Government, and as such, we are very proud of being selected to participate in it."
The Dutch company said the overall project duration is expected to be 22 months.
Horizon Tangiers Terminals SA (HTTSA) is a special purpose consortium created to construct and develop an oil storage and distribution terminal at the new Tangiers port development.
The consortium is lead by Horizon Terminal Ltd (HTL), a fully owned subsidiary of Dubai-based oil company ENOC. The other shareholders are Morocco's market leader in fuel and gas distribution, Akwa Group, and Independent Petroleum Gp (IPG), an oil trading and marketing company based in Kuwait.
The Tangiers Mediterranean Special Agency (TMSA) awarded the concession to HTTSA to build and then operate the Tangiers oil and bunkering terminal for 25 years.
In May 2006 it was reported that the consortium would invest 52 million euro (about $66.4 million at the time) to construct 308,000 m³ of oil storage capacity and a dedicated bunkering terminal that was expected to be completed by October 2008.
The new port development has been mooted as a competitor to ports in the straits of Gibraltar.
The main container terminal of the Tangier-Med project was inaugurated in July 2007. TMSA says the new port project will operate to full capacity by 2015, when it should have an annual handling capacity of 3.5 million containers.
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| Illustration of Tangier-Med |
The project will include the supply of 17 tanks with a total capacity of 500,000 cubic meters (m³) capacity, flow lines, unloading/loading facilities, electrification and instrumentation works as well as civil works, according to Bateman Litwin.
The project is part of the development program of the new port of Tánger-Méditerranée (Tangier-Med), strategically located at the entrance of the Mediterranean basin.
A significant part of the terminal will be used to store and distribute fuel oil for the bunker market. It is also slated to have storage for various types of diesel, including marine distillates, and for motor gasoline.
Max Abitbol, Chief Executive Officer of Litwin SA said:
"This project is a key element of the visionary program for the development of the new port of Tangiers set out by the Moroccan Government, and as such, we are very proud of being selected to participate in it."
The Dutch company said the overall project duration is expected to be 22 months.
Horizon Tangiers Terminals SA (HTTSA) is a special purpose consortium created to construct and develop an oil storage and distribution terminal at the new Tangiers port development.
The consortium is lead by Horizon Terminal Ltd (HTL), a fully owned subsidiary of Dubai-based oil company ENOC. The other shareholders are Morocco's market leader in fuel and gas distribution, Akwa Group, and Independent Petroleum Gp (IPG), an oil trading and marketing company based in Kuwait.
The Tangiers Mediterranean Special Agency (TMSA) awarded the concession to HTTSA to build and then operate the Tangiers oil and bunkering terminal for 25 years.
In May 2006 it was reported that the consortium would invest 52 million euro (about $66.4 million at the time) to construct 308,000 m³ of oil storage capacity and a dedicated bunkering terminal that was expected to be completed by October 2008.
The new port development has been mooted as a competitor to ports in the straits of Gibraltar.
The main container terminal of the Tangier-Med project was inaugurated in July 2007. TMSA says the new port project will operate to full capacity by 2015, when it should have an annual handling capacity of 3.5 million containers.
Unni Einemo | Thu Jan 3 09:51 GMT 2008