Project Profile
Value: Undisclosed
Location: Batam Free Trade Zone, Indonesia
Area: 80 hectares
Capacity: 16 million barrel of oil
Start-up Year: 4Q 2014
Sinopec, through its subsidiary Sinopec Kantons Holdings, has scheduled to build an oil storage facility on Batam Free Trade Zone in Indonesia. The first phase of the project, slated to be Southeast Asia\'s largest oil storage terminal, will be built on a plot of 80 hectares of land and is expected to take between 18 and 24 months to complete. Overall, about 360 hectares of land in Batam\'s Free Trade Zone has been set aside, with a refinery and petrochemical project being considered as part of the second phase of development. The project includes a 2.6 million cubic meter oil storage facility capable of storing up to 16 million barrels of crude and refined fuels, and the construction of extensive port facilities. The Batam project will be Sinopec\'s first big facility near Singapore, generally considered the hub for Asia\'s oil trading activities.
Operators:
Sinopec: Operator with 100% interest