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Thames Oil Port – operational in 2013
It marks the end of a sales process which started in June, after former owners Petroplus entered administration.
The joint venture plans to turn the site into an import and distribution terminal called Thames Oil Port, expected to be operational in 2013.
Ian Cochrane, managing director of Vopak Terminals UK, said: “Thames Oil Port will be a sustainable business designed to meet the fuel needs of London and the South East for the foreseeable future.
He added: “Over the next couple of months as the plans are finalised we will be able to give more information about how that business will be staffed and run.”