Marseilles-Fos set for oil growth
Oil-tanking Mediaco Marseille has confirmed plans to construct a 200 million euro ($291 million) refined products depot at the Port of Marseilles Authority's Fos oil terminal, already one of the world's biggest petroleum sites.
The project will be located on an 18-hectare area in the Cavaou zone at Fos with first phase operations of the 800,000-cubic-meter depot due to start in 2010.
Oiltanking Mediaco Marseille’s partners are leading independent tank farm operators Oiltanking, owned by Hamburg's Marquard & Bahls, and Marseilles-based Mediaco.
The announcement follows the French port authority’s decision last November to invest 32.7 million euros to double reception facilities for refined products to 14 million tons by constructing a new quay — the terminal's sixth — and modifying an existing quay to discharge diesel oil as well as crude.
A further investment of 28.8 million euros will be spent on three berths at the port’s Lavera oil terminal in response to construction projects providing a new bio-fuels plant and extended storage capacity for bio-fuels and chemical products. The projects are expected to generate an additional 1.3 million tons of traffic and 300 new calls a year by 2015.
In a separate development, the Port of Marseilles Authority has launched a call for tenders for the lease of dry dock No. 1 and part of wet dock No. 7 with the aim of expanding its repair facilities for super yachts.