President of OAO "LUKOIL" Alekperov and President of Meroil Jose Luis Porte attended the inauguration ceremony of a new oil product terminal in the port of Barcelona (Spain).
The project is implemented by a joint venture (50/50) of an international oil trader LITASCO (100% subsidiary of OAO "LUKOIL") and Meroyl Spanish company, which was established in July 2010.
The new terminal was built as part of the project to expand the existing terminal capacity of Meroyl.
On an area of 40,000 m2 built 13 new tanks with a capacity of 6,500 to 40,000 m3, which totaled 360,000 m3. The terminal is connected to the pipeline system Hydrocarbonates Logistics Company, and has 8 loading racks for shipping oil capacity of 400 tanker trucks per day.
The new tank farm and terminal turns into a major Mediterranean hub for transshipment of oil products with a capacity of 1,000,000 m3
The Port of Barcelona is also put into operation a new berth length of 275 meters, which allows you to moor tankers of up to 150,000 tons.
The new terminal is equipped with the most modern systems of protection and control, and certified in accordance with international quality management system, industrial health, safety and the environment.
Speaking at the opening ceremony of the new terminal, the President of OAO "LUKOIL" Alekperov, in particular, said that the terminal in the Port of Barcelona will give a significant synergistic effect of European assets of the Company in the business sector of oil and oil products.