Sign up
Log in Sign up
Tue 15 Mar 2011, 19:19 GMT

Fujairah terminal could be launched in 2011


New launch target for UAE facility as joint venture project progresses ahead of schedule.

The Socar Aurora oil storage terminal in Fujairah is expected to be launched later this year, according to local media reports.

The joint venture project has been progressing ahead of schedule and the first 115,000 cubic metres of capacity are now expected to come online during the fourth quarter of 2011.

Once completed, the facility will have a total storage capacity of 644,000 cubic meters across 20 tanks and be used for the storage, blending, and resupply of fuel oils, gasolines, naphthas and middle distillates (diesel, gasoil & jet kerosene). The new terminal will be managed by the joint company Socar Aurora, which will offer storage capacity to third parties.

State Oil Company of Azerbaijan (Socar) entered into an agreement with privately-owned Swiss trading house Aurora Progress to collaborate in the development of oil storage facilities, including the new oil terminal being built in Fujairah, in May 2010.

In December 2010, Socar said that the terminal was expected to be completed within 18 months. The state oil firm had also said in September that the involvement of a third investor in the joint project was under consideration. The unnamed firm was said to be a local company based in Abu Dhabi.

The port of Fujairah has commissioned a new multi berth facility for the receipt and loading of oil tankers. The Socar Aurora terminal will be one of the first to make use of this new vessel handling capacity at the Middle East energy hub.

Commenting on the project last year, Aurora's Trading Director Ammar Kutait said: "There is a lot of demand for storage in the region and with our new state of the art terminal and flexible berthing facilities in the port we can offer our customers a first rate service in this growth market."

Hapag-Lloyd and DSV logo side by side. Hapag-Lloyd and DSV sign 18,000-tonne CO2e reduction agreement for sustainable marine fuels  

Two-year framework allows inclusion of alternative fuels beyond biofuels in shipping decarbonisation partnership.
Bangkok city skyline. Uni-Fuels opens Thailand office as part of Southeast Asia expansion  

Marine fuel supplier establishes Bangkok entity, appoints managing director with 15 years’ industry experience.
Washington State Hybrid-Electric 160-Auto Ferry vessel render. Corvus Energy to supply battery systems for Washington State Ferries hybrid vessels  

ABB selects Corvus for two new 160-vehicle ferries as part of $3.98bn electrification plan.
Vinssen and Mana Engineering sign MoU. Vinssen, Mana Engineering partner on hydrogen fuel cell retrofit for 800-teu feeder vessel  

South Korean and Dutch firms to pursue Lloyd’s Register approval for hybrid retrofit concept.
Hercules Elisabeth vessel. Hercules Tanker Management takes delivery of second Ultra-Spec vessel in China  

Hercules Elisabeth is the second of 10 hybrid-ready tankers designed for alternative fuels.
Wolf 1 vessel. Petrol Ofisi launches fuel supply tanker Wolf 1  

Turkish bunker supplier adds 1,750-dwt vessel with alternative fuel infrastructure to fleet.
BIMCO meeting. BIMCO to convene for adoption of biofuel clause and ETS provisions at February meeting  

Documentary Committee to consider new contractual frameworks for alternative fuels and emission trading scheme compliance.
Sea Change II vessel render. Incat Crowther and Switch Maritime develop 150-passenger hydrogen ferry for New York  

Design work begins on 28-metre vessel with 720 kg hydrogen capacity and 25-knot speed.
Aerial view of a container vessel. HIF Global signs heads of agreement with German eFuel One for 100,000 tonnes of e-methanol annually  

Deal covers supply from HIF’s Uruguay project, with e-methanol meeting EU RED III standards.
Welcoming of Kota Odyssey at Jordan’s Aqaba Container Terminal. PIL’s LNG-powered vessel makes maiden call at Jordan’s Aqaba port  

Kota Odyssey is Pacific International Lines’ first LNG-fuelled ship to call at the Red Sea port.




 Recommended