EMEA News
New Cape Town Storage Terminals Receives Green Light
Burgan Cape Terminals (Burgan) has been given the go ahead to construct an independent fuel storage and distribution facility in South Africa by the Western Cape government, local media reports.
The new facility will reportedly address ongoing fuel shortages in the area, with the Transnet National Port Authority (TNPA) having commented that "South Africa is likely to be energy constrained for many years to come, so the more contingencies we put in place to address this energy challenge the better."
Chevron, who has a large presence in the area, is said to have brought up concerns of how another facility would affect the industry in the area, thought the concerns were reportedly refuted by Burgan CEO Muziwandile Mseleku.
According to Mseleku, the new terminal is not in direct competition with Chevron, as Burgan largely focuses on storage and not refining.
“The country’s evident need for the independent storage and distribution facilities is supported by the fact that we have already signed up a number of customers," he said.
"We hope to commence with construction as soon as all the necessary permits and licences are in place.”
Mseleku added that the aim is to "act as a conduit for existing and new entrants into the fuel market."
Last year, it was reported that Burgan was planning to spend $26 million over two years on the new facility.
