By OGJ editors
HOUSTON, June 2 -- Bahamas Oil Refining Co. International Ltd. (Borco), Freeport, Bahamas, has awarded a $40 million storage tank contract to CB&I, Houston.
The scope of work includes engineering, procurement, fabrication, and construction of 14 oil storage tanks to hold about 3.5 million bbl in Freeport, Grand Bahamas. Completion is set for second-quarter 2012.
Borco, according to parent company Buckeye Partners, is the largest storage terminal in the Caribbean, with 21.6 million bbl of capacity. The site can store, blend, transship, and bunker fuel oil, crude oil, and various petroleum products from its position along the Northwest Providence Channel off the southern tip of Grand Bahama Island.