West Coast Business News & Directory.

Green light for oil blending in Saldanha Bay

Newly formed oil group Oiltanking MOGS Saldanha (OTMS), a joint venture (JV) between Oiltanking Grindrod Calulo (OTGC) Holdings and Mining, Oil and Gas Services (MOGS), has been granted environmental authorisation for the development and construction of a R2-billion commercial crude oil blending and storage terminal, in Saldanha Bay. The approval, which was granted by the Western Cape Department of...

Sunrise Energy & Avedia Energy competing for control. Saldanha Bay

Sunrise Energy, a company 49%-owned by the Industrial Development Corporation, is trying to block Avedia Energy from erecting its own terminal. A battle is raging to control the strategic Port of Saldanha Bay as an import route for liquified petroleum gas (LPG) – just as the lack of import facilities is once again leading to a supply crunch. Sunrise Energy, a company 49%-owned by the state’s Industrial...

Saldanha Bay LPG terminal construction starts.

Construction on Transnet National Ports Authority’s (TNPA’s) liquefied petroleum gas (LPG) import and storage terminal, in Saldanha Bay, has started, Sunrise Energy announced on Friday. The TNPA-approved terminal operator started civil construction on the site on January 30 after six months of detailed engineering, design and planning, Sunrise MD Barthlo Harmse said in a statement. Sunrise Energy,...

Saldanha Bay IDZ on the West Coast is drawing strong international interest

The Saldanha Bay industrial development zone (IDZ), in the Western Cape, is drawing strong international interest, with several lease agreements signed and a surge of global oil and gas companies negotiating joint ventures with South African firms. Western Cape Minister of Finance, Economic Development and Tourism Alan Winde said in a statement on Thursday that the Saldanha Bay IDZ, which was officially...

Proposed third tippler for the Port of Saldanha. Transnet Saldanha Bay

Port of Saldanha Proposed Provision of a third tippler and associated infrastructure. Transnet SOC Ltd proposes the provision of a third tippler and associated infrastructure in the Port of Saldanha to ensure the current iron ore export volume of 60 million tons per year are sustained during the refurbishment of existing tipplers. New brought to you by West Coast Office National Samsung IT, Copiers,...

IDZ begins to earn its keep in Saldanha Bay

The Industrial Development Zone (IDZ) in Saldanha Bay is beginning to yield benefits for the province with the arrival of a large oil rig that will be serviced at the port. MEC for finance Alan Winde said yesterday the docking of the Sedco 700, belonging to the Nigerian-based multinational oil company, was good news for the Western Cape. This was clear evidence of the interest foreign investors have...

Saldanha Bay, West coast set for R9.3bn investment

Cape Town – President Jacob Zuma is set to kick-start the oil and gas sector industry in Saldanha today in an attempt to bring jobs and billions of rand in investment over the next decade to the West Coast. Officials from the national and provincial governments and the local municipality descended on the town yesterday in anticipation for the official designation of the Saldanha Bay Industrial...

President Jacob Zuma expected to launch the Saldanha Bay IDZ this week.

WITH President Jacob Zuma expected to launch the Saldanha Bay industrial development zone (IDZ) next week, oil and gas stakeholders have urged the government to ensure that costs in the new zone are competitive relative to other such ports globally. South African Oil and Gas Alliance CE Ebrahim Takolia said this week that promulgating Saldanha Bay — about 130km from Cape Town — as an IDZ would...

IDZ has the green light for Saldanha Bay, the West Coast will become a oil & gas hub for Africa

The Saldanha Bay industrial development zone (IDZ), which will be launched by President Jacob Zuma at the end of October, will be crucial in plans to establish the Western Cape as the oil and gas hub for Africa, the Western Cape provincial government said on Thursday. Trade and Industry Minister Rob Davies said earlier this week that a feasibility study had shown Saldanha Bay was strategically located...

R2bn crude oil storage and blending terminal for Saldanha Bay, West Coast

Oiltanking Grindrod Calulo Holdings (OTGC), a subsidiary of Germany’s Oiltanking group, and Mining, Oil & Gas Services (MOGS) will, through a joint venture (JV), construct a R2-billion commercial crude oil storage and blending terminal at the Saldanha Bay port. The terminal will have a capacity of 13.2- million barrels, comprising twelve 1.1-million-barrel concrete tanks. The development, construction,...