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AfrOil PIPELINES & TRANSPORT AfrOil

NNPC’s Port Harcourt refinery has been off line for about 18 months (File Photo)
Ahmed said he would prefer to pay dry-dock- Plus Project, there was a scheme to bring in Sam-
ing fees to Nigerian providers, as this would sung and Hyundai [of South Korea] together
generate a significant amount of revenue for with some Nigerian investors to establish a
the country. NSML is aiming to establish its dry-docking facility in Nigeria,” he explained.
dry-docking facility in order to keep the money “Unfortunately, the scheme has not fully taken
closer to home, but so far its efforts have fallen off, but we are still optimistic. We hope that
flat, he added. when it fully takes off, it will commence effec-
“As part of our Bonny Gas Transport (BGT) tively at the right standard.” ™

Morocco’s SOMAGEC to build fuel

storage terminal at Damerjog complex

DJIBOUTI SOMAGEC, a Moroccan port and maritime
infrastructure company, will support efforts
to establish an oil-refining and petrochemi-
cal complex at the Damerjog Industrial Park
(DDIP) in Djibouti by building a new storage
terminal.
According to press reports, the Moroccan
company recently signed an agreement on the
construction of the facility with the Djibouti
Ports and Free Zones Authority (DPFZA). The
two sides finalised the deal on April 5, at a sign-
ing ceremony attended by DPFZA president
Aboubaker Omar Hadi and SOMAGEC’s CEO
Roger Sahyoun. SOMAGEC will build one of the complex’s five storage terminals (Photo:DPFZA)
Omar Hadi hailed the new agreement, say-
ing: “We are delighted to take this important step first of these five depots.
in the development of the DDIP petrochemical As of press time, neither the Moroccan com-
complex, [which] will advance the industriali- pany nor DPFZA had divulged the value of the
sation of Djibouti and East Africa.” The project contract. The parties have said, though, that the
“will position Djibouti as a petrochemical hub storage terminals will handle deliveries of feed-
for the region,” he added. stock bound for the refinery and the petrochem-
DPFZA has said that the Damerjog complex ical plant and also store refined fuels for regional
will eventually have five storage terminals capa- traders.
ble of holding 750,000 cubic metres of crude oil, SOMAGEC is also involved in the construc-
refined petroleum products and petrochemical tion of an oil jetty for DDIP’s liquid bulk port
feedstocks. SOMAGEC is slated to build the facilities.

P8 www. NEWSBASE .com Week 15 14•April•2021