BP and IEnova have signed a longterm contract for 50% of the initial capacity of the planned Baja Refinados storage terminal.
The terminal, that will receive, store, and deliver refined hydrocarbons, will be built within La Jovita Energy Center, located 23km north of Ensenada, Baja California, Mexico. The $130m terminal is expected to begin commercial operations in the second half of 2020.
This agreement will enable BP to store up to 500,000 barrels in the terminal to supply its growing network of service stations in the northern part of Baja California and Sonora. This network currently includes 54 gas stations, and it is expected to continue growing.
In April, IEnova announced Baja Refinados, a project to develop, construct, and operate a marine terminal that will receive, store, and deliver refined products, primarily gasoline and diesel. With an initial capacity of 1 million barrels, this terminal will increase Baja California’s energy reliability and will foster competitive prices for gasoline and other refined products in the region.
For more information visit: www.ienova.com.mx
12th September 2018