The Port of Tangiers is a new $1.6 Billion development aimed at becoming a competitive international port, situated to serve Europe, the Americas, North as well as West Africa.  Tangiers lies on the North African coast at the western entrance to the Strait of Gibraltar where the Mediterranean meets the Atlantic Ocean off Cap Spartel.  The location of the new port is expected to enable it to serve more than 300 million consumers through industrial and commercial free zones.  Currently, the port is comprised of three dry cargo container terminals, and one Ro-Ro and ferry terminal.  The port has received positive international market feedback.
The Tangiers petroleum storage terminal has several advantages, one of which to help solve the shortage in storage facilities in North Morocco, which in turn should help reduce the historical costs associated with the supply of Gasoil and Motor Gasoline from central Morocco to the North. This will no doubt contribute to the growth of the Northern region. In addition to supplying the Northern requirements, the Tangiers terminal will provide bunker services as well as serve the transit market for international petroleum marketing companies.  The importance of the Strait of Gibraltar region to East-West traffic is partly evidenced by the size of the bunker market, estimated for 2005 to be six million tons.