August 29, 2011 [Warsaw Business Journal] - Polish treasury-owned PERN Przyjaźń, a petroleum logistics firm, is expected to sign a joint venture agreement with Oiltanking in September.
The deal will pave the way for the construction of an oil and chemical storage and transhipment terminal worth zł.800 million in Gdańsk, reports Puls Biznesu.
PERN will have to ask the European Commission for permission before it can sign the contract, the newspaper added.
According to PERN Przyjaźń’s president Robert Soszyński, the German partner is indispensable.
“We won’t manage on our own, especially since the company is taking care of a few other investments,” Mr Soszyński told Puls Biznesu. He also believes there is a lack of expertise for such a project in Poland.
Oiltanking will be responsible for financing, building and operating the terminal.
The construction of the terminal is set to begin next year.
