Sinopec’s joint venture storage facility in the United Arab Emirates, Fujairah Oil Terminal, has received its first cargo of light distillates and will take an initial crude delivery this month, according to Malek Azizeh, Commercial Director. Sinopec Kantons Holdings owns a 50% share in the facility, with the rest shared between Singapore-based Concorde Energy Group and Fujairah. Loading of the 45 000 t of light distillates, which equates to some 60 000 m3 of storage volume, took place on 18 February.
The start of operations makes the terminal, which reportedly has capacity to store 1.18 million m3 of crude, fuel oil, gasoil and petrol, the first storage facility in the Port of Fujairah with crude tanks available for lease, Azizeh noted. State-owned Abu Dhabi National Oil Co. has a crude storage site in Fujairah for its own use.
Fujairah is ideally located between the UAE’s Indian Ocean coast and the Hajar Mountains, and is situated just outside the Strait of Hormuz at the mouth of the Persian Gulf. In 2012, Abu Dhabi established a crude pipeline to Fujairah to allow for faster, simpler exports and reduced shipment times to Asia.
Edited from various sources by Rosalie Starling
Sources: Bloomberg, The National
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