Page 14 - Downstream Monitor - MEA Week 32

DMEA
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DMEA
desk will be set up,” he said.
Giuseppe Surace, the re nery’s chief
operations o cer, said the re nery’s tank farms will be nished this year and could be used as a warm-up for operations.
e tanks will be connected to ve “single point mooring buoys” (SPMs), which will allow the re nery complex to pump crude straight into tanks from large ships at sea and pump products back out onto boats of any size.
e SPMs will be the primary method
of supplying oil products from the re nery, Surace said, adding that the team were considering using the tanks as training or as a depot before the re nery’s production starts.
“We might do that. We will be ready to do that,” he said, though he added that no decision had been taken yet.
e team is in talks with NNPC, two other international oil companies and two large oil traders, all of whom are interested in supplying crude and buying products, Edwin said.
Edwin said the crude unit for the re nery, which set sail from China last month, would arrive by the end of October.
e trains at a fertilizer plant on the same site will start up by the end of this year, the executives said.
ReUteRs
procuring, processing, re ning, distributing and marketing industrial fuels. e acquiring group also produces base oil used in the manufacture of lubricating oils.
Calulo Marine was established in 2003 as the rst independent, black-owned business to operate as a supplier of marine fuels and lubricants to the local marine sector. e rm is a wholly owned subsidiary of Calulo Services which is, in turn, controlled by Calulo Investments.
It markets and distributes marine fuels along the South African coastline, primarily to the shing industry, Transnet National Ports and the South African Navy. Calulo Marine sources marine fuel from Engen Petroleum Group and the acquiring group. It does not have any export activities.
In its assessment, the Commission concluded that the proposed merger is unlikely to substantially prevent or lessen competition in any relevant market. bUnKeRsPot
teRMInALs
& shIPPInG
SA competition tribunal
nods through marine fuels
merger
e Tribunal has approved FFS Calpet’s acquisition of Calulo Marine from Calulo Services.
FFS Calpet is jointly controlled by Calulo Petrochemicals (Pty) Ltd, Bud Chemicals and Minerals (Pty) Ltd and FFS Calpet Management. e rms are involved in
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Week 32 15•August•2019