Vitol Tank Terminals International (VTTI), a Rotterdam-based global logistics firm early this week unveiled a Sh5.2 billion ($60 million) oil storage terminal, entering the Kenyan and eastern Africa market.
The international bulk storage firm says the terminal that is one of the largest and most modern in East Africa is now operational. It has a capacity of 111,000 cubic meters (111 million litres).
The new facility is expected to provide an alternative to the national storage tanks at the Kipevu Oil Storage Facility that are managed by the Kenya Pipeline Company (KPC).
It is also expected to remove supply bottlenecks arising from frequent rehabilitation of aged tanks.
The VTTI facility comprises 10 high-tech storage tanks operated from a centralised control room.