Release date: 1 December 2006
Promoter – Financial Intermediary
Compañía Logística de Hidrocarburos CLH, S.A.Location
Description
The project will increase CLH’s strategic oil reserve storage tank capacity.
Objectives
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.
Comments
Transport.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 66 million.
Total cost (Approximate amount)
EUR 132 million.
Environmental aspects
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.
Procurement
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.
Status
Signed - 7/11/2007
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).