Contact Details:
Head Office
address
Name...
Website:
Standard
Chartered House
2nd Floor
Kairaba Avenue
Mandinari
Village
Kombo North,
Western Region
The Gambia
West Africa
|
|
|
Company Profile:
 Gam-Petroleum
Storage Facility Co. Ltd. is part of the Spectrum Group whose CEO is
Muhammad Bazzi (aka Bassi, Bashi). The company has a modern storage facility at the
Mandinari Fuel Storage Depot. It was inaugurated on the
24th May, 2008 by President Jammeh.
Cost:
It was built at a cost of €32
million (US $50 million). Equity for the project was split between
Gam-Petroleum's holding group, Total
International, which will be the
exclusive supplier of petroleum products for the new terminal, and
partly from Gambian and European banks.
Mandinari Facility:
Built according to international standards with SGS
certification, it consists of 17 fuel tanks. The total storage
capacity of the site is 51,000 metric tons of heavy and light fuel
oils as well as LPG (liquid propane gas), and includes 19 loading bays for
tanker trucks, state-of-the-art
technology in gauging and metering equipment, a fully equipped
LPG bottling plant and 3 off-shore pipelines of 2.5 km each to access
the draft for birthing big fuel tankers.
Gam-Petroleum now
operates the sub-region's
largest oil and gas storage container facility which is set to boost
supply not only in The Gambia but also in neighbouring countries, and
it is hoped that the terminal will act as a a refuelling stop and
bunkering hub for vessels en route to South Africa and South America.
Previous Situation:
The one existing terminal in the country was built in
the 1940s in Banjul at Half-Die area, and has a limited capacity to
supply the whole of The Gambia with just under 1 month of
fuel. This has always meant that petroleum imports had
to be timed exactly. When oil tankers were delayed at other ports or
on the high seas, it often resulted
in shortages, and a halt in supply.
The only other heavy fuel oil storage facilities in the country are
situated at the power generation plants, which had meant extra costs in transport
as fuel was taken by transport to the plants from the
port. The Mandinari fuel depot can hold
6 months of the Gambia's fuel and gas consumption from
the current storage capacity of less than a month.
This increased fuel storage capacity will have
accompanying secondary effects
on availability and prices which in turn have significant effects on
domestic developments.
|
