German IVG looking to fill Poland's fuel terminal niche

German company IVG says it will invest zl.50 million in the construction of a liquid fuel reloading terminal in Radzionkow, Silesia, the first of a series of such terminals the company intends to launch across the country. According to IVG president Marek Ston, the new terminal, slated to begin operating at the end of September, will be capable of reloading one million tons of fuel a year. "Our goal is to become the dominant fuel terminal operator throughout the country," says Slon. Key customers of the Radzionkow-based terminal will include BP, Statoil, Shell, Preem and Aral, which by using IVG's new facilities will be able to up the amount of fuel imported from Lithuania, Slovakia and the Czech Republic. Jaroslaw Krynski, a management board member at Shell Polska, says the investment is necessary as in Poland there is a shortage of such fuel reloading terminals. Foreign fuel traders also hope that the new terminal will make fuel prices more competitive. (Puls Biznesu, p.6) M.S.C.