Long-term dispute biggest oil transit operator Baltic Vopak EOS with the Ministry of Justice of Estonia on the location of a new prison in Tallinn (the county adjacent to Tallinn – approx. BakuToday ) Resolved in favor of oil transit company. This was BakuToday Today, June 3, said the Vopak EOS with reference to the decision of the board of JSC Riigi Kinnisvara AS (RKAS), responsible for state property in Estonia.
The decision provides for the rejection of plans to build a new prison in Tallinn Maardu. As reported in the company, it allows Vopak EOS to initiate the planned investment in the terminal Termoil, located nearby. “Vopak EOS will now be able to implement planned investments in terminal capacity in Termoil 25 million euros, which will improve the overall competitiveness of the logistics sector in Estonia,” said Chairman of the Vopak EOS Arnaout Lugtmeyer. He acknowledged that the negotiations were complex and lasted a long time, but in the end, all parties understood that the agreement is the only correct solution. In this Lutgeymer acknowledged that the agreement does not fully meet the original expectations of the enterprise.
Recall that initially anticipated that the new Tallinn prison for 1500 inmates will be located in industrial zone between the terminals and the railway station Maardu, significantly would affect the continued operation and limited the development potential of the oil terminal, located just a hundred meters from the prison of the future. Now, under a contract with RKAS, Vopak EOS buy this land. At the same time the company will not be able to use this area for the development of the terminal.
Vopak E.O.S. – A joint venture, owned by Koninklijke Vopak (Netherlands) and N-Trans (Russia). The biggest oil transit operator in the Baltics, which owns four oil terminal with a total capacity 1.026 million cubic meters (Termoil, Trendgate, Pakterminal and Stivterminal). All terminals are connected by railway lines to GAO, “the Estonian Railways.” The owners of Vopak E.O.S. are the Dutch company Royal Vopak and Global Ports.
