Companies involved in the oil trade in Malta are angry that government is planning to extend the lease of the San Lucian Terminal to Falzon Group of Companies before the coming election and without issuing any tender. The present lease agreement runs out in March 2013 and Falzon Group of Companies would like to have it renewed as it is very profitable.
Other companies would like to tender to acquire these facilities which are the largest storage terminals that can hold up to 45,000 cubic metres of a wide range of fuel oil located at Qajjenza near the Malta Freeport.
From the San Lucian Terminal Falzon Group of Companies operate four bunker barges to supply the various petroleum products required by vessels crossing the Mediterranean.
Falzon Group of Companies has been trying for at least two years to have the lease agreement renewed. Falzon is very close to Finance Minister Tonio Fenech.