SALE OF HARBOUR PARK SITE PAVES WAY FOR DECOMMISSIONING OF OIL TANKS

Date Published: 31-Mar-2009

The sale of an oil terminal at the Harbour Park in Galway city has paved the way for the decommissioning of Topaz oil tanks at the Docks.Edward Holdings, owned by Gerry Barrett, has acquired the Enwest oil terminal, for an estimated sum of more than 30 million euro.The oil terminal is a 6.5 acre site in the Harbour park and has been in commission phase since January.Over the past few days, a large number of tankers have been waiting in the port to discharge into the new Enwest facility.Topaz is due to operate the Enwest facility, paving the way for it to decommission the controversial tanks at the Docks.The decommissioning of the tanks could begin early next week, if all legal aspects are completed.