$100m Petroleum Storage Terminal Opens in Sharjah
09.28.2016 By Jacob van den Berge - NEWS

The facility, which has 16 storage tanks with a capacity to store 80,000 cubic metres of oil, is equipped with sophisticated equipment, according to state news agency WAM.

Saud Salim Al Mazrouei, director of Hamriyah Free Zone Authority and Sharjah Airport International Free Zone said the facility was proof of the zone’s credentials as a logistics centre for the upstream oil and gas industry.

“The starting of operations reflects Sharafco’s strength and determination to continue our ambitious growth plans into the international market. We are confident that, with continued support from Hamriyah Free Zone and our staff, we will achieve our ambitious goals,” said Sharfudheen Mohammed, Sharafco Group managing director and CEO.

COMMODITIES 2026: Oil storage expands globally as energy security, trading drive demand
01.11.2026 - NEWS
January 08, 2026 [ Spglobal ]- Storing oil is a growing industry as governments worldwide seek t... Read More
US oil refiners win, Chinese rivals lose in Trump’s Venezuela strike
01.11.2026 - NEWS
January 4, 2026 [ Reuters ]- The U.S. military’s ouster of Venezuelan President Nicolás Madu... Read More
Rebuilding Venezuela’s Oil Supply Chain for Global Markets
01.11.2026 - NEWS
January 05, 2026 [ Supplychaindigital ]- Trump’s push to rebuild Venezuela’s shattered oil s... Read More
Giant Canadian Green Hydrogen Project Shelved as Developer Shifts Focus to Domestic Power Exports
01.09.2026 - NEWS
January 09, 2026 [Fuel Cells Works]- World Energy GH2 has shelved its 1.2GW green hydrogen and ... Read More