The Bahamas Oil Refining Company (BORCO) is investing between $200 million (\u20ac143 million) and $250 million into improving the Grand Bahama-based oil storage facility.<\/p>\n
BORCO was recently acquired by Buckeye and says it will upgrade the facility, which is situated along the Northwest Providence Channel of the Grand Bahama Island, throughout 2011.<\/p>\n
Investment will include the construction of 7.5 million barrels of flexible petroleum product storage, increasing the current storage to more than 29 million barrels.<\/p>\n
There is also a large amount of unused land on the site which could be developed on in future expansions, such as the installation of 13 million barrel of incremental storage, the company says.<\/p>\n
Currently there are three deepwater jetties on the site which range in size from 13-30m but the renovation will leave the site with eight berths which will be used as access points to the storage facilities.<\/p>\n
These berths will be able to handle 20,000dwt to 500,000dwt, including both VLCCs and ULCCs.<\/p>\n
Source: www.tankstoragemag.com<\/p>\n","protected":false},"excerpt":{"rendered":"
The Bahamas Oil Refining Company (BORCO) is investing between $200 million (\u20ac143 million) and $250 million into improving the Grand Bahama-based oil storage facility.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[81],"class_list":["post-6847","post","type-post","status-publish","format-standard","hentry","category-business","tag-grand-bahama"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/6847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=6847"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/6847\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=6847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=6847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=6847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}