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Mauritius: Memorandum of understanding on the establishment of an oil terminal on the island between Mauritian and Indian authorities




Mauritius: Memorandum of understanding on the establishment of an oil terminal on the island between Mauritian and Indian authorities
Mauritian and Indian authorities have recently signed a memorandum of understanding for the implementation in Mauritius with an oil storage terminal which should accommodate term some 15 million tons of fuel in the year.
 
Two sites in Baie du Tombeau and Albion are currently under consideration.
 
The project valued at about 2.5 billion rupees * will be managed by a consortium of two Indian companies (Indian Oil Corporation and Mangalore Refinery and Petrochemicals Ltd.) in partnership with the State Trading Corporation, the body in Mauritius responsible for imports and their distribution on the island.
 
The objective of the Mauritian authorities is to place Mauritius as a regional petroleum hub and meet demand in petroleum products of Madagascar, Reunion, Seychelles, and the countries of the East coast of Africa as Namibia and South Africa, as reported by the newspaper L'Express of Mauritius.
 
* One euro roughly equivalent to 41 rupees



Fabrice François


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