Vito Enerji ve Ticaret Yatırım A.Ş. (www.vito.com.tr) entered a partnership with IOT Infrastructure & Energy Services Ltd. (www.iotinfraenergy.com) which is one of the world’s largest tank farm contractor and operator. Name of the new company is IOT Vito Mühendislik İnşaat ve Taahhüt A.Ş.” with headquarters in Istanbul and it will serve for oil & gas projects in Turkey as well as neighboring countries and focus on projects for refinery such as storage, process units etc.
IOT Infrastructure and Energy Services was established as a joint-venture between Indian Oil Corporation and Oiltanking GmbH to provide storage and logistics solutions for crude oil and petroleum products. Currently, the company is active in EPC, terminalling, upstream services and renewable energy.
Indian Oil Corporation is world’s 18th largest petroleum company with an annual turnover of $81.3 billion and ranked 96th in Fortune 500 Global List. The group controls 10 of 20 refineries in India and operates 71% of the downstream pipeline capacity.
Marquard & Bahls is one of the largest independent petroleum and chemicals storage providers in the world. The Group owns and operates 75 terminals in 23 countries with a total storage capacity of more than 19.2 million m3. It has revenue of € 17 billion and 11th largest family owned company in Germany.
Vito was founded in 2000 and is active in project financing, development, execution and equipment and service supply for power generation and Oil & Gas sectors together with its international business partners. Company has completed the EPC contract of 865 MW Unit Gebze Combined Cycle Gas Power plant together with Ansaldo Energia last year.
IOT Vito Mühendislik İnşaat ve Taahhüt A.Ş.has recently signed a turn-key contract with the main contractor Tecnicas Reunidas – Saipem – GS E&C – Itochu for Star Refinery Tank Farm Project in Aliağa, Turkey owned by Socar. Under the contract, more than 50 tanks (spherical and cylindrical) with a total capacity of 1.2 million m3 will be supplied as EPC