May 31, 2011 [CLH] - The CLH Group has announced an eight-year contract with the National Oil Reserves Agency (NORA) of Ireland for the storage of 60,000 cubic metres of gasoline.
This strategic co-operation will enable NORA to strengthen Ireland’s ability to meet its obligations under the European Directive and International Energy Agency (IEA) rules on crude oil and/or oil products reserves, reducing its requirements for product “tickets”.
CLH is well-positioned to offer flexible strategic storage services to oil reserves agencies and oil operators. CLH long-term service offers the possibility to deliver and withdraw the product at any of the fitted out points in its logistics system. Product quality is always guaranteed through periodic product analysis, product refreshment and the use of satellite controlled operations and real-time information.
The CLH Group is the leading logistics supplier in Spain, operating an integrated and fully automated network of 38 facilities with a storage capacity of 7,500,000 cubic metres and a 4,000 kilometre pipeline network. In 2010, CLH revenues and EBITDA reached € 586 million and € 310 million respectively. CLH provides services to top level companies such as Repsol, Cepsa, BP, Galp, Chevron, Iberia, Saras, Shell or the Corporation of Strategic Reserves of Oil-based Products (CORES).
In the International Expansion section of its corporate website, CLH indicates its commitment with a model of growth and sustainability in which internationalization plays a fundamental strategic role.
