IHS Chemical Week

Regions :: Middle East :: Saudi Arabia

Vopak and Zamil Form Tank Storage JV

12:13 AM MST | December 23, 2009 | Deepti Ramesh

Vopak says it has signed a memorandum of understanding with Zamil Group (Riyadh, Saudi Arabia), to establish a joint venture company for the Middle East and North Africa (MENA) region. The jv aims to develop independent bulk liquid and liquefied natural gas terminal facilities across the MENA region, to provide tank storage services to the oil and chemical majors, trading companies and natural gas suppliers. The MENA area is one of the world’s foremost locations for oil and petrochemicals, and the next stage of the region’s development will be the...

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