Dutch bunkering operator Koninklijke Vopak N.V. (Royal Vopak) purchases a 50-percent shareof Estonian terminal AS Pakterminal thus becoming its sole shareholder, Interfax reports according to Gudok.RU. According to Vopak, the deal with the other shareholder of Pakterminal – Estonian investment firm Trans Kullo – will be completed by the end of 2007.
Pakterminal is an Estonian-Dutch joint venture with the core activity of oil and oil products loading and storage services. By today Pakterminal has constructed a liquid products storage terminals consisting of 33 tanks with the total capacity of 305 000 m³. Wagon loading platforms with 68 places for dark and 34 places for light oil products are used for the loading of oil products. The length of terminal railway branches is 9 km and three locomotives perform maneuvering work there. Three quays by the largest of which vessels over 150,000 DWT can moor are at use. The speed of loading oil and oil products to vessels is up to 5,500 cubic meters per hour. Over 600 railway tanks per day can be unloaded on terminal wagon loading platforms.
Vopak also announces it has come to an agreement with the owners of heavy fuel oil terminal Estonian Oil Service (EOS, Port of Muuga) to carry out a feasibility study of partnership between Pakterminal and EOS.