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Vopak divests ownership in Yangpu oil terminal

Published by , Senior Editor
Hydrocarbon Engineering,

At the end of last year, Vopak announced that it has completed the divestment of its 49% equity share in the joint venture Vopak SDIC Yangpu Terminal in Hainan, China.

The terminal has a storage capacity of 1 339 000 m3 for the storage of crude and petroleum products.

This divestment is the outcome of the strategic review of the terminal, announced in February 2018.

Vopak confirmed that the financial details will be shared together with the publication of the Q4 results on 12 February 2020.

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