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The OPEC Fund
for International
Development
  1. Operations
  2. Commodity Bulk Storage Facility Project (Phase III)

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Commodity Bulk Storage Facility Project (Phase III)

Samoa

Borrower Samoa
Financing Type Public Sector
Instrument Project Loan
Focus Area Energy
Approved 14.12.2004
Signed 21.04.2005
Status Completed
Loan Administrator OPEC Fund
Executing Agency Ministry of Finance, Energy Unit
Co-financiers Government
OPEC Fund Contribution (US$m) 4.83
Total Project Cost (US$m) 5.68

This project represents the third phase of a government program that seeks to achieve a cost-effective means of petroleum supply storage and distribution. Works already completed under the program have made Samoa’s petroleum supply costs and wholesale prices among the lowest in the region. Phase III aims to consolidate and maintain this position.

Project components include the acquisition and rehabilitation of a petroleum bulk storage terminal, together with the renovation of secondary storage facilities and the replacement of petroleum discharge lines in Apia harbor. By strengthening storage capacity, the project will allow Samoa to increase its reserves, import and distribute petroleum products more efficiently, and avoid disruption of supplies.

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