Bulgaria’s Transport Minister Petar Mutafchiev officially inaugurated Wednesday the specialized terminal for unloading and storage of refined base oils at the Varna port.
The specialized terminal would be the largest and most modern Black Sea terminal.
The investment in the terminal is estimated at EUR 10 M.
Former Interior Minister Rumen Petkov also took part in the opening ceremony because the company investor wanted to honor him for his support of their attempts to change a fire safety order that had proved difficult to comply with.
The concession of the hazardous chemical materials terminal at the port of Varna is currently being prepared as a separate concession from the one for the entire port, according to the Transport Minister, who spoke during the opening ceremony.
After the failure of the first procedure to select an investor for the hazardous chemical materials terminal, a second one has already been announced.
There is also a possibility, along with the concession, to create joint stock companies, according to Mutafchiev, who added that his Ministry has also taken the first steps into negotiating with the Defense Ministry a location choice for a deepwater terminal in Varna.