Insight

Contango Storage is an oil storage company which manages over 25 million barrels of storage capacity in Europe and China. The company was established in 2006 by Jonas Westerlind who has more than 20 years’ experience in the storage and trading industry.

Contango Storage has a wide international contact network and our core business model is to provide modern and creative solutions to both storage providers and storage users as well as infrastructure investors. 
 
Contango Storage has developed a unique business model which maximises the revenue potential for the storage owner whilst maintaining full transparency. The success of this model has resulted in Contango Storage´s storage portfolio growing by more than 2 million cubic meters in the last five years.
 
Through a partnership with Chinese entrepreneurs, Contango Storage has recently developed a storage business in China under the name ContangoKai. Through ContangoKai´s exclusive partnership with the terminal owners we have access to more than 3.5 million cubic meters of storage capacity for both crude oil and clean and dirty products.
 
Contango Storage also provides technical and commercial consultancy services and brokerage services to a wide range of market participants e.g. oil traders, investment banks, infrastructure funds, port authorities, terminal owners, oil companies and international chemical companies. We seek out storage capacity in challenging areas and help companies compare offerings and assist with both technical evaluation and assist and support in the negotiation of the contract.
 
We assist and support companies strategically review their storage and inventory needs and redevelop their storage strategies. We provide advisory and project management on terminal expansions and technical modifications and we assist with marketing of storage capacity for both owners and leaseholders as well as seeking out suitable storage capacity.

Twelve excited golfers competed in Contango Open 2017. The open was held by as one individual and one team competition. The winning team consisted of Jim Harren, Hugh Leonard, Joseph Tran and Jonas Westerlind and the most prestigous individual competition was won by Pat Reilly.

We are pleased to announce that Pontus Hallbäck joins the Contango Storage team. Pontus has more than 15 years experience from the oil storage industry where he has been part of the management team of Scandinavian Tank Storage. Pontus will be responsible for running Contango Brokerage, which focuses on brokerage of storage capacity for crude oil and petroleum products.