Oiltanking MOGS Saldanha (RF) (Pty) Ltd is pleased to announce that it has commissioned its new crude oil terminal with the successful receipt of approximately 900,000 barrels of crude oil.
Stephan Burger, vice-president of MOGS, said crude’s recent swings have raised interest in the new tanks. However, the business model “doesn’t rely on volatility of the crude-oil price,” he said.