Fujairah terminal on track
01 April 2012
GULF Petrochem Group, a leading player in the global oil space, said that the first phase of its 1.2-million-cu-m storage terminal project in Fujairah is on track for completion in September this year.
The storage terminal is spread across a112,233 sq m area, which includes up to 73,269 sq m of expansion capability. It currently offers a capacity of approximately 350,000 cu m.
“The Fujairah storage terminal expansion follows the successful operation of our terminal in Sharjah’s Hamriyah free zone,” said Sanjeev Sisaudia, group CEO, Gulf Petrochem Group.
“The Fujairah terminal leverages the strategic location and infrastructure of the Fujairah port, and we expect our facility to significantly benefit our clients in the region.
“We will also look to leverage our market reputation of providing reliable storage solutions at competitive prices, offering tailor-made products, customised term contracts and a fully integrated fuel delivery service,” he added.
The group had earlier signed an investment agreement with the Government of Fujairah under which the latter will buy a 12 per cent stake in the terminal project.
The first phase of the project will have a storage capacity of 412,000 cu m, The two oil terminals of Fujairah port together offer seven for large tankers and 12 berths for small tankers.
Terminal One has a maximum draft of 14 m and a wharf length of 847 m, while the second terminal has a maximum draft of 18 m and a wharf length of 1,400 m.
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