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PERN sets up JV with Germany’s Oiltanking to build PLN 800m oil terminal


2011-09-22



PERN Przyjazn, the state oil pipeline operator, on 21 September announced a joint venture with Oiltanking of Germany, one of the world’s leading independent storage partners for oils, chemicals and gases, to build a large marine warehousing and transshipment terminal in Gdansk. The value of the project is estimated at PLN 800m (approx. €180m).

The terminal is scheduled to start operations in 2014. It will have the capacity to store 400,000 tons of oil and 300,000 tons of fuels and chemicals. The project is expected to lead to a significant increase in fuel imports, thus injecting greater competition into the country’s wholesale fuel market and enhancing the security of supplies.



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