Fujairah Oil Terminal Eyes More Investment in Port Storage, Infrastructure
07.06.2020 By Greta Talmaci - NEWS

July 06, 2020 [S&P Global Platts] – Fujairah Oil Terminal is looking to finalize plans to increase its storage capacity by 10% at the Port of Fujairah and connect its entire terminal, including crude oil storage tanks, to the VLCC jetty, according to the company’s commercial director, Malek Azizeh.

The storage capacity will be for clean products such as gasoline, naphtha and gasoil, Azizeh said July 1 in an interview with S&P Global Platts. He had mentioned the plans on a Gulf Intelligence webinar earlier in the day. FOT currently has storage capacity of 1.2 million cu m, for both crude and products.

“We’ve been operating now at Fujairah for six years and we see the growth potential,” Azizeh said. “We see cooperation from the government point of view and how much investment they’re making in infrastructure.”

Fujairah Oil Terminal is also looking to finalize plans to connect its entire terminal including crude oil tanks to the VLCC jetty (Matrix Manifold 2 of Port of Fujairah), he said. Both the capacity expansion and jetty connection would cost an estimated $80 million-$100 million over two years, Azizeh said.


Click Here to Access Today a 5,100 Tank Terminal Database With a Pro Trial
5,100 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Record-Breaking First Year of Operation for China's Largest LNG Reserve
09.27.2023 - NEWS
September 27, 2023 [China Daily]- China’s largest liquefied natural gas (LNG) reserve, loca... Read More
Port Arthur LNG Phase 2 Project Receives Federal Energy Regulatory Commission Authorization
09.27.2023 - NEWS
September 27, 2023 [Sempra]- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: S... Read More
UK and Germany Partner to Further Advance Hydrogen Developments
09.27.2023 - NEWS
September 27, 2023 [GOV.UK]- UK and Germany sign agreement to help accelerate the development of ... Read More
Knutsen Takes Delivery of LNG Carrier Chartered by Shell
09.27.2023 - NEWS
September 27, 2023 [LNG Prime]- Norwegian shipowner Knutsen has taken delivery of a new Shell-cha... Read More