October 11, 2011 [Sofia Echo] - Oiltanking Bulgaria and Varna Port today put into operation a new loading line at the port's Varna West unit, which is intended to boost the terminal's liquid cargo handling capacity.
According to Varna Port’s statement, the investment, worth 100 000 euro, includes the construction of an additional station at an existing facility at the port’s quay No 2.
The installation has been built in line with international safety and environmental protection standards, Oiltanking Bulgaria said.
“The purpose of the investment is to ensure the smooth use of the facility over the long term and to increase loading and unloading capacities,” the port’s chief executive Danail Papazov said.
Oiltanking Bulgaria is a joint venture between Germany’s fuel storage provider Oiltanking GmbH and Varna Port. The company was created in 1999 to build and operate a terminal for storage of sulfuric acid at Varna West. The facility, with a capacity of 33 000 tons, was built for ten months and put into operation in the autumn of 2011. The funds for the construction, pegged at 13 million leva, were provided by Oiltanking GmbH. Since its commissioning, the terminal has loaded more than 650 vessels with a total volume of nearly five million tons.
