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Ocean Petro Gulf (OPG), a trading company based in Dubai, has taken on the operation of an oil products and bitumen storage terminal in the Jebel Ali Free Zone (Jafza), according to industry insiders. The terminal, leased from energy logistics company Tristar, is set to be managed by OPG.
As part of its growth strategy, OPG is aiming to construct a 10,000-tonne bitumen storage unit at the facility soon. The firm has partnered with Tristar to develop this additional storage, anticipating a rise in demand for bitumen in the area.
Previously owned by Shell, Tristar acquired the terminal in mid-2022. As of October, the terminal has been leased to OPG under a long-term operational agreement, though specific details regarding the length of the lease were not provided.
Currently, the terminal offers 11,000 tonnes of bitumen storage capacity and handles around 350,000 tonnes per year of oil product imports and exports. The agreement with OPG also includes a 90,000-tonne-per-year polymer modified bitumen (PMB) plant, a drum filling station, and an emulsion production facility. Additionally, the terminal is equipped with testing facilities for bitumen and PMB.
BY WPB
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