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Tafigura Expanding Berbera Oil Terminal in Somaliland

Logistic News - Published on Wed, 16 Sep 2020

Image Source: Tafigura Berbera Oil Terminal Somaliland
Market leader in the global commodities industry Trafigura Group Pte Ltd has this week delivered a first shipment of low sulphur gasoil to the Port of Berbera, following the signing of a milestone storage agreement earlier this year with the Government of Somaliland’s Ministry of Trade, Industry and Tourism. This is the first step in a commitment by Trafigura to invest in Berbera Oil Terminal facilities to position it as a gateway to serve customers within the country, and integrate oil logistics across the Horn of Africa.

Trafigura, with the full support of the Government, intends to upgrade BOT in a phased approach to improve and expand the storage capacity, and eventually facilitate the import of jet fuel and LPG to meet local and regional demand whilst ensuring international health and safety standards. Plans also include increasing the draft to enable larger vessels to be received and allow local traders more economical import of refined products and access to re-export markets. This will help support the Somaliland Government’s ambition to transform Berbera port as a strategic hub in a region where demand is growing year on year.

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Posted By : Yogender Pancholi on Wed, 16 Sep 2020
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