http://shipandbunker.com/news/emea/813100-fuel-farm-expansion-in-seychelles Fuel Farm Expansion in Seychelles Tuesday February 26, 2013
The company is expanding the tank farm The Seychelles Petroleum Company Ltd. (SEYPEC) says it is expanding its fuel farm from 25 to 28 storage tanks, adding 55,300 tonnes of fuel loading capacity.
The company is also looking for third parties interested in leasing storage space to keep strategic reserves in the island nation off the coast of East Africa.
"Seychelles Petroleum Company's advantage to uphold this new business model is that its infrastructures are in compliance with international regulatory, environmental, and safety standards, and its employees are well trained and experienced in bunkering, loading, and discharge of products in Port Victoria," a company representative said.
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The company says it keeps "a comprehensive range of oil products" at the Port Victoria site and has a 2,200 tonne liquefied petroleum gas (LPG) storage capacity, which can keep the Seychelles supplied with LPG for six months.
SEYPEC works with oil and gas group TOTAL, which provides fuel bulk and uses some of the petroleum company's tanks, while LPG trader PETREDEC Ltd. is the main supplier of LPG for the site.
SEYPEC recently announced that a tanker it operates to provide offshore bunkering to ships travelling through the Indian Ocean more than quadrupled its sales in 2012.
QFY Price at posting:
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