Shell to build oil terminal in Pulau Laut

PT Shell Indonesia has signed an agreement with PT Indonesia Bulk Terminal (IBT) to build a fuel storage terminal at IBT’s terminal facility in Pulau Laut, South Kalimantan, Indonesia. The agreement was signed in Jakarta by Chia Ah Hoo, president director of IBT and Darwin Silalahi, president director and country chairman of PT Shell Indonesia. IBT is 100% owned by PT Adaro Energy Tbk and is the operator of the common user Pulau Laut Coal Terminal on the southern tip of the island of Pulau Laut. IBT’s port has a rated throughput of 12 million tons per annum and is able to load vessels of up to 80,000 DWT (dead weight tons). Shell’s terminal will have a minimum capacity of 60,000 tons. IBT will construct other shared facilities within IBT’s Terminal, which will be used by Shell and are required for the loading and unloading of oil products. The total cost of the project is estimated at around US$40 million. (September 4, 2009)