31st May 2012
Ready for business in Kenya
VTTI Kenya Limited is waiting for its final permit and very soon the new terminal’s tanks will be ready to receive product. All six of the Phase 1 tanks (totalling 55,000 m3 storage capacity) are complete, together with the truck loading gantry and the piping tie-ins to the Kenya Pipeline Company.
The focus now has moved to Phase 2 of the project. The remaining four tanks (58,000 m3) are on schedule for completion in August/September. The piled foundations for all four are complete and the contractor has started to lay the bottom plates.
Exciting times, then, as the terminal prepares to become a major new landmark on the energy landscape of Kenya.
24th June 2011
ATPC: the first 15 months
Since being acquired by VTTI in January 2010, a metamorphosis is well under way at ATPC in Antwerp, Belgium.
18th January 2011
VTT Vasiliko, Cyprus
VTTV breaks ground on Vasiliko oil terminal
Nicosia, 18th January 2011: VTTI, the 50/50 joint venture between major energy trader Vitol and world-leading maritime corporation MISC Berhad, marked today the beginning of the construction work on its major new oil import, storage and distribution terminal at Vasiliko with a ground breaking ceremony by the President of the House of Representatives, Mr. Marios Garoyian.
8th September 2010
MISC completes the acquisition of 50% of VTTI B.V
22nd July 2010
VTT Vasiliko, Cyprus
VTTI announces plan to build a new oil product terminal and make Cyprus a major regional oil trading hub
State-of-the-art new terminal facility to be built at Vassiliko; opening in 2012
5th July 2010
VTTI agrees the sale of a 10% stake of its Rotterdam terminal to SK Energy International
Today Vitol Tank Terminals International (VTTI) announced that it had sold 10% of an economic interest in its Rotterdam, Europoort terminal, Euro Tank Terminal BV (ETT), in the Netherlands, to SK Energy International, a 100% subsidiary of SK Energy, based in Singapore.
27th May 2010
VTTI announces further expansion plans at its Rotterdam terminal
Today Vitol Tank Terminals International (VTTI) announced that it had acquired additional, adjoining land and facilities at its Rotterdam Europoort terminal, Euro Tank Terminal BV, in the Netherlands.
17th May 2010
MISC Acquires 50% of VTTI B.V.
Leading international shipping line, MISC Berhad (“MISC”), and one of the world’s largest independent energy trading companies, the Vitol Group (“Vitol”), today signed a Sale and Purchase Agreement via their respective subsidiaries whereby MISC’s wholly owned subsidiary, MTTI Sdn Bhd (“MTTI”), acquires 50% of the shares in VTTI B.V. (“VTTI”), currently a wholly-owned subsidiary of Vitol, for a price of US$735 million, subject to price adjustment.
29th April 2010
Seaport Canaveral, USA
Vitol Opens Florida Terminal to Increase Oil Product Supply for the U.S. Market
The Vitol Group today announced the opening of the Seaport Canaveral Terminal on the east coast of Florida. The state-of-the-art terminal, built at a cost of around $130million, will deliver an independent supply of petroleum products to the state, create new jobs, and provide an important boost to the state’s economy. It sits on 36 acres and is 60 miles from Orlando.