Successful commissioning of PT Oiltanking Karimun in Indonesia
PT Oiltanking Karimun, a joint venture between Oiltanking GmbH and Gunvor Group, has commissioned its new terminal with the successful receipt of 60,000 metric tonnes (60 Mmt) of gasoline and gasoline components. The terminal, which is strategically located within the Straits Hub, has a total storage capacity of 730 Mcbm (700,000 cbm) designed to serve the growing demand for petroleum products in Asia.
With land scarcity in Singapore, Oiltanking selected the island of Karimun in Indonesia as the optimal location for its latest green field terminal to serve regional trade. Karimun is located along the Malacca Strait and is in close proximity to Asia's main oil trading hub in Singapore.
PT Oiltanking Karimun caters to the storage and handling of the full range of clean petroleum products as well as fuel oil and has ample ready-to-build land available to allow for expansions. Positioned within a Free Trade Zone, the terminal avails of four deep-water berths, including VLCC capability and onshore infrastructure; thereby ensuring its customers of the highest quality of service and record turn-around times for their ships.
The new terminal in Karimun is an addition to Oiltanking’s existing facilities in the Straits Hub and will be operated in line with the Groups’ HSSE standards. Highly complementary to each other in terms of location and functionality, the facilities are fully equipped to serve various markets and product segments ranging from clean petroleum products to fuel oil, chemicals and gases, and possibly crude oil, offering flexibility and choice to Oiltanking’s customers.
Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based family-owned company that operates in the fields of energy supply, trading and logistics. Oiltanking has an overall storage capacity of 19.2 MMcbm.
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