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BP puts its Amsterdam oil storage terminal up for sale

Reuters - UK Focus

Jan 22 (Reuters) - BP has put its 950,000 cubic meter capacity oil storage terminal in Amsterdam up for sale, which is expected to take place near the end of the year, the company said in a statement on Thursday.

The terminal's assets, which typically services around 2,900 ships and about 20,000 road tankers each year, include more than seventy storage tanks for oil products and butane and propane; three jetties for ocean-going vessels and two jetties for mooring nine inland barges, and a loading rack for road tankers.

"We will continue both our trading operations and Retail Fuels business activities in the region by utilizing third party facilities rather than operating our own," the statement said, quoting Hendrik Muilerman, Managing Director of BP in the Netherlands.

This decision follows the sale of BP's 150,000 cubic meters Pernis storage terminal in Rotterdam late last year. (Reporting by Anupam Chatterjee in Bengaluru; Editing by Chris Reese)