More investment in port storage and infrastructure planned as Fujairah Oil Terminal looks to expand

Under new plans, Fujairah Oil Terminal (FOT) will 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.

FOT’s Commercial Director, Malek Azizeh, said the company is looking to finalise the plans, which will see new storage for clean products such as gasoline, naphtha and gasoil. It currently has storage capacity of 1.2 million m3, for both crude and products.

FOT is also looking to finalise plans to connect its entire terminal (including crude oil tanks) to the VLCC jetty, he said. Both the capacity expansion and jetty connection would cost an estimated $80-$100 million over two years.

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

For more information visit www.fujairahterminals.ae

6th July 2020