The joint venture aims to develop independent bulk liquid and liquefied natural gas terminal facilities across the MENA region, in order to provide tank storage services to the oil and chemical majors, trading companies and natural gas suppliers.
The MENA area is location for oil and petrochemicals. The next stage of the region’s development will be the manufacture and distribution of intermediate and specialty chemicals and oil products. The production of these value added goods is expected to generate new growth in the industrial base of the Middle East.
Vopak and Zamil Group believe that developing independent bulk liquid storage terminals at strategic locations will be a contributing factor in providing the quality logistic services required for the region’s continuing development.
