February 20, 2013 [OPIS] - Dutch tank storage company Vopak is planning to open its new 403,000 cubic-meter oil product storage terminal in the Spanish port of Algeciras by the end of March, spokesman Gerbert van Genderen Stort said Tuesday.
The facility is located near a major shipping transit lane on the Strait of Gibraltar, a key logistics and bunkering hub, and the bulk of capacity will be used for fuel oil storage.
Vopak has an 80% controlling stake in the project, named Vopak Terminal Algeciras, while Vilma Oil is holding a 20% minority interest.
