Tanks to Store 25,000 Tons of Fuel

11 years, 11 months ago - 30 December 2012, Le Matinal

The demand for petroleum products is increasing year by year. Thus, an increase of 5 to 6% is observed each year. Faced with this situation, the State Trading Corporation (STC) plans to build tanks to be able to store some 25,000 tons of petroleum products and meet the demands of the population.

At first, these products are intended for the local market. The STC will then consider the possibility of exploiting the export potential in the region. Procedures for tenders for the construction of these vessels were launched.

The country currently has only eight days of storage but this will increase with the construction of tanks.

Government is also considering the establishment of a ' Petroleum Terminal, about 160 000 tonnes. Moreover, a feasibility study will be done to see if the country can accommodate an oil refinery.

A close record indicates that the vision is to make Mauritius a 'hub' for oil in the region, which will bring direct investment foreign and create jobs.

Refinery will not be built near the port, but elsewhere. It will not be set up in Port-Louis as the area is too crowded. The region is very remote homes.

Pier would be at sea and large pipelines will transport the fuel. But the project is at an embryonic stage. Must have all the know-how relating to the project.