Банкеръ Weekly



Oiltanking-Bulgaria JV opened officially on Tuesday its independent terminal for handling liquid cargoes at the Varna West port. The investment, amounting to BGL12MN, will allow annual export by sea of 850,000 tons of sulphuric acid. The construction of the facility, spreading of 61 decares, lasted about 10 months. This is the first terminal of its kind in Eastern Europe, the Executive Director of Oiltanking-Bulgaria Alexander Alexandrov announced.There are two tanks for sulphuric acid with a capacity of 23,000 cu m each, a pumping station and loading facilities. Four powerful pumps with a capacity of 250 t/hour could handle simultaneously four tank-car cargoes. Afterwards the acid will be stored in the huge tanks, and a pipeline from there will transfer it to the port. The terminal has handled experimentally seven vessels so far.The terminal is owned by Oiltanking Bulgaria - a JV between Union Miniere Pirdop Med and Oiltankin company, holding 36.25% each, and Varna Port AD, which ensured a 27.5% stake by a contribution in kind. The facility is aimed to facilitate the export of sulphuric acid, produced by Union Miniere Pirdop Med.

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