Port of Fujairah ... to expand its oil handling infrastructure.
Port of Fujairah eyes $204m expansion
01 April 2020
The Port of Fujairah, one of the world’s key oil storage centres and the second-largest ship bunkering hub in the world, is considering several options to invest some Dh750 million ($204.19 million) over the next two years to expand and upgrade its oil handling infrastructure.
This announcement was made by Khalil Ibrahim, chief financial officer of the Port of Fujairah, on the sidelines of International Petroleum Week (IP Week) in London, said a Wam news agency report.
Ibrahim stressed that the Port of Fujairah is consulting clients to understand their expansion plans, which might require the port to increase its oil handling capacity, which is currently about 700 million barrels annually. The planned expansion also aims to increase the operational efficiency of the port and boost the quality of its service, which is considered among the best in the world.
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