Gulf Petrochem Group commences construction on Pipavav Oil Terminal in India

State-of-the-art Liquid Cargo Storage Terminal provides direct access to lucrative markets in the hinterland, northwest and central India

Dubai, United Arab Emirates (prHWY.com) December 11, 2012 - December 10, 2012: Gulf Petrochem Group, a leading player in the global oil industry, has announced that it has recently started construction on the Pipavav Oil Terminal, a state-of-the-art Liquid Cargo Storage Terminal for the handling and storage of liquid cargoes in bulk. Strategically located in Pipavav in the Indian state of Gujarat, Gulf Petrochem's new oil terminal adds momentum to the company's long-term expansion strategy because of its proximity to key rail and road networks, which offer direct access to critical markets in the hinterland, the northwest and central India.

The construction of Gulf Petrochem's Pipavav Oil Terminal also underlines the company's growing presence in India, which is one of the company's most lucrative international markets. The new terminal will cover an area in excess of 90,500 sqm.

"Gulf Petrochem's Pipavav Oil Terminal is strategically located in southern Gujarat, giving us a logistical advantage and strongly positioning the company to take advantage of India's abundant northwest markets. This project will accelerate our expansion drive in key Asian markets, while strengthening Gulf Petrochem's position as a leading player in the global oil space. We will continue to invest in major projects that will enhance our ability to provide reliable, tailor-made solutions at competitive prices, which will ultimately benefit our clients," said Sanjeev Sisaudia, Group Chief Executive, Gulf Petrochem.

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