Oil Petroleum Products Storage & Logistics Co PSC will operate the upcoming Aqaba V liquids storage terminal, located in Aqaba in Jordan. Expected to start operations in 2023, the liquids storage terminal will be owned by Oil Petroleum Products Storage & Logistics Co PSC.
Expected to be operational in 2023, the terminal will primarily store crude oil and petroleum products and will have pipeline, road, and sea access.
Key specifications of the storage terminal-
Storage Capacity (bbl): 22,64,328
During the period 2021-2025, the Aqaba V storage terminal is expected to witness an estimated capex of $96m.
About Oil Petroleum Products Storage & Logistics Co PSC
Oil Petroleum Products Storage & Logistics Co PSC (OPPL) establishes and developes specialized tanks for crude oil and oil derivatives that are key for storage, and import and export transactions. OPPL is headquartered in Jordan.
Information on the liquids storage terminal is sourced from GlobalData’s liquids storage terminal database that provides detailed information on all active and upcoming, liquids storage terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.