SGR Energy has agreed to acquire terminal in the Port of Barranquilla

Houston-based SGR Energy, Inc. is to acquire Swiss Terminal Barranquilla in Atlántico Department, Colombia from Fondo De Infraestructura Colombia Ashmore I – FCP. The terminal will satisfy the needs of up to 210,000 barrels for refined and crude oil storage.

Features of the 2.94-acre terminal include a warehouse, lab and office which will provide 50,000 barrels per day of product unloading capacity, 20,000 barrels per day of product loading capacity along with 13 lane truck racks.

SGR Energy wants to offer 210,000 barrels for third party merchant storage, allowing for the acceptance of crude oil and naphtha, with 13 multipurpose temperature-controlled tanks offering the ability to extract crude and clean products.

The terminal therefore wants to process crude oil and blend fuel oil with up to 7 million barrels of petroleum products. Full operation of the terminal will employ approximately 27 full-time employees.

“We are delighted to acquire from Ashmore Management Company this premier marine transportation and terminal in Colombia,” said SGR Energy Chief Executive Officer Tommy San Miguel. “Swiss Terminal Barranquilla gives SGR Energy a Strategic Artery to Supply Supply from Colombia, increasing our delivery volume to established customers, and will allow us to develop additional business.”

Barranquilla Port is 166 sq km, or 64 sq miles. The economy is diverse and strong in the logistics, energy and business services sectors. The port owes its ideal location for business along the Magdalena River, as well as its quick access to the Ernesto Cortissoz International Airport and Colombia’s national highway network.

SGR Energy assumed operations of the facility as of July 6, 2018.

For more information, visit: www.sgrenergy.com

16th July 2018