Gulf Petrochem has opened a storage terminal for base stocks and other fluids in Gujarat, India, saying it will provide improved access to the northwestern part of the country.
The location of our terminal offers a strategic and logistical advantage to our customers in the northwestern markets, Gulf Petrochem Director Manan Goel said in a February news release.
The terminal is located at Gujarats Pipavav Port. Gulf Petrochem, which is based in Sharjah, United Arab Emirates, said the terminal has annual capacity to handle 250,000 kiloliters of products. The company divided its opening into two phases; the first, last month, covered 110,000 kiloliters/year, while the remaining portion was scheduled to be brought online by the middle of this month.
Gulf Petrochem representatives said 20,000 cubic meters of storage space is devoted to base oils. The company did not disclose the overall volume of the facility, but officials said it has 46 tanks designated for base oils, fuel oil, bitumen, vegetable oil and petrochemicals. The terminal also has an exclusive berth with a draft of 12 metric tons.
Historically an oil products trader and bunker operator, Gulf Petrochem has expanded into the lubricants industry, having bought a controlling stake in Indian lubricant manufacturer Sah Petroleums last year. Gulf Petrochem operates a Sharjah terminal that includes 30,000 cubic meters devoted to base oils.