Monday, 28 July 2008

Shell plans to build storage tanks by 1Q 2009

Royal Dutch Shell Plc plans to build its first terminal and six tanks in Indonesia to store fuels imported to meet the country's rising demand, a company spokeswoman said, Dow Jones reported.Three of the 5,000-kilolitre tanks in Gresik, East Java, are expected to be ready by the first quarter of 2009, said Fathia Syarif, spokeswoman for Shell Indonesia.
The remaining tanks with the same capacity "will be made available in stages in 2Q 2009", she said. She declined to say how much the project will cost.
Shell plans to store gasoline and gasoil at these tanks, Syarif said. The oil major is currently renting storage facilities in West Java.

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