Save for later Print Download Share LinkedIn Twitter India’s Essar Oil has struck a long-term deal with UK storage firm Oikos to use its refined product terminal at Canvey Island in the Thames. In a Jul. 10 statement, Essar said the deal would allow it to expand into London and the southeast, as well as improve supply security for its existing customers in the northwest and the midlands. Expansion plans currently center around road fuels but could soon include jet given Canvey Island's connections to the UK's Exolum pipeline system and UK Oil Pipeline. The terminal has two marine jetties, one capable of handling LR2 product tankers of up to 120,000 deadweight tons, and total storage capacity of 300,000 cubic meters. BP already uses the Oikos terminal for jet fuel imports alongside its Isle of Grain terminal nearby.
