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STRATEGIC OIL RESERVES STORAGE - SPAIN

Signature(s)

Amount
€ 66,000,000
Countries
Sector(s)
Spain : € 66,000,000
Energy : € 66,000,000
Signature date(s)
7/11/2007 : € 20,000,000
7/11/2007 : € 46,000,000
Link to source
Data sheet
STRATEGIC OIL RESERVES STORAGE - SPAIN
Other links
Summary sheet
Strategic Oil Reserves Storage
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - ES
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - ES
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - ES
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - ES

Summary sheet

Release date
1 December 2006
Status
Reference
Signed | 07/11/2007
20060279
Project name
Promoter - financial intermediary
Strategic Oil Reserves Storage
Compañía Logística de Hidrocarburos CLH, S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 66 million.
EUR 132 million.
Location
Sector(s)
Description
Objectives

The project will increase CLH’s strategic oil reserve storage tank capacity.

The purpose of the project is to build oil product tanks for mandatory oil stocks following the growing consumption in the country. The increase in storage capacity is required by Spanish legislation, and supports compliance with Directive 68/414/EEC as amended by 98/93/EC on strategic oil reserves.

Environmental aspects
Procurement

The project comprises components that due to their technical characteristics fall under Annex I or Annex II of the EIA Directive 85/337/EEC and amendments.

The operation of this project does not constitute an activity specified by the EU Directive 2004/17/EC on public procurement for water, energy, transport and postal services. The CLH in-house purchasing procedures shall be verified during the appraisal.

Comments

Transport.

Link to source
Summary sheet
Strategic Oil Reserves Storage
Other links
Data sheet
STRATEGIC OIL RESERVES STORAGE - SPAIN
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - ES
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - ES
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - ES
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - ES

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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