The Port of Ngqura is poised to play a vital role in ensuring the security of South Africa’s fuel supply, while creating a new petroleum trading hub for Southern Africa in anticipation of the relocation of existing liquid bulk facilities from Port Elizabeth. This follows the conclusion of an agreement between Transnet National Ports Authority (TNPA) and Oiltanking Grindrod Calulo (Pty) Ltd (OTGC) to plan, fund, construct, own, maintain and operate a new liquid bulk handling facility at the Port of Ngqura.
The project is one of the Section 56 initiatives that TNPA has identified to encourage private sector participation as a key element of the company’s Market Demand Strategy (MDS). It will provide storage and marine infrastructure to support the overall petroleum demand projections for South Africa.
Bulk liquids such as petroleum, diesel, jet fuel, illuminated paraffin and liquid petroleum gas, will be transported to the Port of Ngqura via ship and piped to the tank farm prior to local supply and/or local and global re-export. The facility will create a new tank farm for the Eastern Cape when the existing lease for petroleum storage facilities at the Port Elizabeth harbour expires.
OTGC was appointed as preferred bidder following an open and transparent tender process.
“We are extremely excited that the agreement with OTGC has been concluded and that we can welcome a world-class independent storage operator to the Port of Ngqura,” said Richard Vallihu, Chief Executive of TNPA. He added: “This development will now also allow us to focus on expansion at the