In the case of gas, terminals tend to take deliveries from specialist tankers or pipelines from gas fields before testing, treating and distributing the gas regionally through pipelines. Alternatively, they store gasses derived from crude oil, such as butane, which are then bottled and used for cooking or heating, where there is no mains gas network.
Vitol invests in a number of ventures providing terminal and storage facilities globally. In total we have circa 15.5 million cubic meters of storage capacity in terminals across six continents.
Vitol joint venture VTTI owns and operates terminals, storage tanks and pipelines in 11 countries on five continents with a total capacity of 8.7 million cubic meters. Operating to the highest international standards, it has an enviable health and safety record, wherever it operates. For more information please visit the VTTI website or to hear Rob Nijst talking about working with VTTI click on the arrow below to view a short film.
We understand that every market is different and that our customers and their requirements are as diverse as the world in which we live. With more than 40 offices worldwide our colleagues comprise over 60 nationalities giving us a diversity of thinking which we believe translates into a greater understanding of our customers and enabling us to make better and more informed decisions.
Our office addresses can be found on the contact page.
This diagram shows how many million barrels of oil production and demand there are per day around the world.
Figures are based on Vitol research.
The mismatch in many regions between demand and supply generates the need to move crude oil and oil products inter-regionally creating trading opportunities around the world.