MUSCAT: Oman Tank Terminal Company (OTTCO), a subsidiary of OQ Group, and Royal Vopak, signed today a shareholder agreement to establish a new company in the Special Economic Zone at Duqm (SEZAD). The agreement, concluded during the Duqm Economic Forum 2025, reflects OQ’s continued commitment to expanding its investments in Duqm and supports national efforts…
Tag: Royal Vopak
Royal Vopak to allocate 1 billion euros to energy transition infrastructure
AMSTERDAM: Royal Vopak (Euronext: VPK) reaffirmed its strategic priorities at its Capital Markets Day, focusing on improving financial and sustainability performance, expanding in industrial and gas terminals, and accelerating investments in energy transition infrastructure. The company raised its operating cash return target to above 13%, up from its previous goal of over 12%. Vopak announced plans to…
Vopak to sell Savannah terminal to BWC Terminals
ROTTERDAM, THE NETHERLANDS: Vopak, the world’s leading independent tank storage company, has agreed to sell its terminal in Savannah, USA, to BWC Terminals, a US-based bulk liquids storage company, for USD 106 million. The terminal, which has a capacity of 250,566 cubic meters, is mainly used for the storage of vegetable oils, asphalt and specialty…
Dick Richelle nominated new CEO of Royal Vopak
ROTTERDAM, NETHERLANDS: The Supervisory Board of Royal Vopak announced the upcoming succession of Eelco Hoekstra after having served 11 years as Chairman of the Executive Board and CEO of Royal Vopak. The Supervisory Board will nominate Dick Richelle to become Chairman of the Executive Board and take over as CEO as per 1 January 2022….