Fujairah Terminal Phase 2 Complete

The terminal's first phase opened in March 2012

Developers of an oil products terminal in Fujairah said Friday that they have completed the second phase of the 815,000 cubic metre project.

The new phase, partially funded with $61 million from APICORP and the National Bank of Fujairah, added 11 new tanks with a capacity of 235,000 cubic metres to the existing terminal, bringing the total capacity to 350,000 cubic metres.

The terminal developer, SOCAR AURORA Fjujairah Terminal FZC (SAFT) is a joint venture between the State Oil Company of Azerbaijan Republic (SOCAR), Swiss commodity trader AURORA Progress, and the government of Fujairah.

"We are delighted to have been able to complete this second phase four weeks ahead of schedule and well within budget," said Ammar Kutait, CEO of SAFT commented.

"We have adopted the latest technology in the construction including having a revolutionary sealing system in place on the domed and internal floating roofs that will minimise the loss of product."

Emil Bayramli, vice president and CFO of SOCAR Trading, said the terminal has been operating smoothly since it opened in March 2012.

"As SOCAR Trading we are looking forward to being able to expand the range of products we ourselves store at the terminal," he said.

"The terminal benefits from a highly flexible pipeline manifold that allows each tank to hold a different product, if required."

Kutait said the port is also adding new berths that will accommodate vessels of up to 200,000 tonnes.

APICORP and the National Bank of Fujairah are providing additional funding for the third phase of the project which will add 12 more tanks with a total capacity of 315,000 cubic meters, and a fourth and final phase will add another 150,000 cm.

The second phase of the project began in June 2012.