Multinational oil company ExxonMobil has selected Valencia and its TEPSA terminal, as a hub for storage and distribution of high-end products for the markets from Europe, Africa, Asia, the Middle East and India. ExxonMobil is one of the largest companies in the oil sector that develops and applies technologies to help meet the growing global needs for energy and high-quality chemical products in a safe and responsible manner, one of them being lubricating oils. During the last week, the TEPSA facilities in the Xità dock of the port of Valencia supported operations for three vessels, in loading and unloading of products which include lubricating oils of Group I and Group II. The TEPSA terminal also serves as a distribution hub for the two families of refined oils, originating in several ExxonMobil refineries (Rotterdam and USA, among others) and export destinations in Africa, Asia, the Middle East and India. The movement of annual product can represent a maritime traffic of between 80 and 100 vessels per year, which the represents a significant increase that makes necessary the expansion of TEPSAs maritime infrastructures in the port of Valencia. TEPSA currently operates two berths in the Xità dock, one for barges and another for large vessels, which will be extended with a second berth for large vessels. The PAV approved last December the extension of the concession to carry out construction works for this second berth, which is scheduled to enter service at the end of this year.