UAE-based Gulf Petrochem Group has announced that it has started construction on the Pipavav Oil Terminal in India
The state-of-the-art Liquid Cargo Storage Terminal for the handling and storage of liquid cargoes in bulk will be strategically located in Pipavav in the Indian state of Gujarat.
The company said in a statement that the new oil terminal adds momentum to the company's long-term expansion strategy due to its proximity to key rail and road networks, which offer direct access to critical markets in the hinterland, the northwest and central India.
The new terminal will cover an area in excess of 90,500 sqm.
"Gulf Petrochem's Pipavav Oil Terminal is strategically located in southern Gujarat, giving us a logistical advantage and strongly positioning the company to take advantage of India's abundant northwest markets. This project will accelerate our expansion drive in key Asian markets, while strengthening Gulf Petrochem's position as a leading player in the global oil space.
“We will continue to invest in major projects that will enhance our ability to provide reliable, tailor-made solutions at competitive prices, which will ultimately benefit our clients,” said Sanjeev Sisaudia, group chief executive, Gulf Petrochem.
