HTL’s new terminal will be situated near Marsaxlokk Port and will will have a capacity of 600,000 cubic meters for black and clean products, with one Jetty for very large crude carriers and two for vessels up to 120,000 DWT. Commenting on the expansion plans, Saeed Abdullah Khoory, ENOC’s Group chief executive, said: “This is significant move that will consolidate HTL’s position as a leading global terminal operator. “ENOC’s investment in this facility, through HTL, reiterates our confidence in Malta as a strong business model and as our gateway to the European market. “We are confident that such investments will put us in good position to take advantage of growth opportunities offered by Europe’s oil sector.” According to the company’s plans, the work on site is planned to commence in the second half of 2011. The independent terminal arm of ENOC, HTL manages more than 5 million CBM of storage with a network of seven terminals from South Korea to Morocco. It provides world-class terminal services for bulk liquids storage as well as a range of value-added logistics services.