PERN embarks on construction of Gdansk terminal

2012-01-23



Because of legal and formal problems with a contract with its external partner, Oiltanking, the PERN group has started to build a coastal petroleum transshipment and storage terminal in Gdansk on its own and will finance the project from its own pocket. According to the investment timetable, the envisaged 2014 deadline for completing the project remains valid.
According to Przedsiebiorstwo Eksploatacji Rurociagow Naftowych "Przyjazn" (PERN "Przyjazn") management, although the contract with the external partner has ceased to be binding, collaboration between the parties has not been ruled out. The investor may join the contract at every stage of its progress, although because of the importance of the undertaking for Poland and the development of the PERN group, no further delay in starting the investment was possible.
In January 2012 PERN set up a team to prepare, among other things, a development plan for the site, arrange technical connections with, among others Naftoport and Siarkopol, and settle issues concerning environmental protection, geological work and automation of the base. A company will then be set up to complete work connected with, among other things, designing the terminal and financing the investment. If the work proceeds according to plan the construction work will get under way in 2013 and take until the end of 2014 to complete. The project will require estimated expenditure of around PLN 800m (€186.7m).

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