Gulf Oil International, part of the Hinduja Group, has acquired the lubricant blending plant with wharf access, storage tank farm and terminal facility from Ocean Tankers Ltd, located in the Tuas region of Singapore
The facility will be acquired and continue to operate as a going concern under subsidiary Gulf Asia Pacific. Facing the southern Tuas basin, the terminal has a 200-m berth with 8-m draft that can accommodate up to three bunker barges at once.
Gulf Oil Lubricants India chairman Sanjay Hinduja said the facility will help the group focus activity on Vietnam, Malaysia, Thailand and Oceania. The terminal also features 8-inch cargo hoses with a shore pumping rate of up to 1,000 mt/hour, three sets of loading arms, 10 pump sets (5 x 500 m3 and 5 x 300 m3) to enable simultaneous cargo operations and close proximity from pipelines to storage tanks.
The lubricant plant is equipped with a central control and monitoring system for blending operations, and can handle up to 50,000 m3 of lubricant blending annually.
Gulf Oil International chief executive Mike Jones said “We are pleased to announce the completion of the acquisition of the Tuas facility from Ocean Tankers. This is a strategic opportunity for Gulf to invest further in the marine segment and grow its market share in marine lubricants and other services. It will also provide a regional hub for our Gulf Asia-Pacific business to accelerate our growth plans in southeast Asia within the automotive sector, as well as continue to support and grow the existing customer base of Ocean Tankers. We are also delighted to welcome the associated employees to the global Gulf family.”
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