Oil storage plans in Aruba open up after terminating refinery refurbishment project.
The Dutch Caribbean Island of Aruba is looking to offer up storage capacity at the San Nicolas refinery and terminal location after refurbishment plans ended. This new plan is timely due to the strong new demand for storage options due to pandemic driven supply glut and the drops in demand.
Reports indicate a potential for 10 storage tanks with the capacity to hold 665,000 barrels of clean products, 5 million barrels of crude and 518,0000 barrels of naphtha. An additional seven tanks with a capacity for over 4 million barrels of crude will also be available after repairs are completed.
This storage option became a possibility once PdV Holding signed an agreement with the government of Aruba to end plans to refurbish this site into a heavy crude upgrader. Aruba is hoping to take advantage of the strong interest in this plan and have inspections done in about a month to begin leasing the space.
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From the April 2018 issue of Hydrocarbon Processing