November 8, 2013 [Albawaba Business] - Emirates General Petroleum Corporation"Emarat" renewed the lease contract of Emoil’s Petroleum Storage FZCO in Jebel Ali, to Emirates National Petroleum Company Limited “Enoc”, for the year 2014.
The renewal contract was signed by Mr. Abdulrahman Qasim Al Ali, Commercial Sales Manager at “Emarat”, Managing Director Emoil Petroleum Storage, and Mr. Tayyeb Al Mulla, Managing Director, Supply, Trading & Processing at Enoc, in the attendance of Mr. Ibrahim Yacoob Al Tamimi,Terminals & Logistics Manager at Emarat.
Emoil was established as a joint venture between Emarat, BP Global Investments Ltd. and Trafigura Beheer BV at a total investment of US$32 Million.
Emarat owns the largest share in the Emoil and handles its management and operations.
The company built on an area of 47,000 square meters in Jebel Ali Free Zone, the facility includes nine storage tanks of varying capacities for blending and storing high quality gasoline products with a total capacity of 203,000 cubic meters. The Emoil is currently developing its facilities.
