Oiltanking to build Indonesia's first deep water oil terminal

The Hamburg-based Oiltanking Group on Wednesday said that it would build Indonesia's first deep water storage terminal for petroleum products and gases, AFP reported.

The US$120 million terminal, to be built in West Java's Banten province, will have a capacity of 600,000 cubic meters and will be able to handle a full range of petroleum products, a company statement said.

The terminal, which will be able to berth ships of up to 100,000 dead weight tonnes, will serve as a distribution terminal to the Greater Jakarta markets, it said.

The first phase of the terminal is planned to be operational by the second half of next year, with an initial capacity of 200,000 cubic meters.

Oiltanking is a division of German Marquard and Bahls. It owns and operates 71 terminals in 19 countries.(*)