Fujairah oil terminal to get major expansion

摘要

Singapore-Singapore-based energy trader Concord Energy will start the construction of a 1.1 million cu m crude oil and products storage facility at the UAE’s Fujairah terminal in the fourth quarter of this year, with commissioning targeted in mid-2018. The new facility will have about 400,000 cu m of crude storage tanks connected to the VLCC jetty with flow rates of 12,000 cu m/hour. It also includes 700,000 cu m of gasoil, gasoline and fuel oil storage connected to product jetties 2 to 9 at the Port of Fujairah, the company announced Monday.