Cape Town’s first oil storage, distribution terminal open for business

Cape Town’s first independent oil storage and distribution terminal, Burgan Cape Terminal, was officially opened in the Eastern Mole of the Port of Cape Town on Tuesday. The city’s newest energy asset offers 122 000 m3 of diesel and petrol storage and will offer the option to blend bioethanol and biofame (diesel).   Burgan Cape Terminal is jointly owned by broad-based black economic-empowerment (BBBEE) companies Thebe Investment Corporation and Jicaro, which each own a 15% stake, and global ...