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Horizon Terminals Limited (HTL), a wholly owned subsidiary of Emirates National Oil Company (ENOC), has inaugurated a new fuel storage terminal in Tangier, Morocco.

The new Horizon Tangier Terminals Ltd. facility, is strategically located on the North African coast at the western entrance to the Strait of Gibraltar where the Mediterranean Sea meets the Atlantic Ocean. It is located at the crossing of two major maritime routes, and well positioned to attract business from Europe, with the facility only 15 kilometres from the European Union.

Attending the opening ceremony were Fouad Douiri, Minister of Energy, Mines, Water & Environment; Aziz Rebbah, Minister of Infrastructure & Transport; Mohamed Najib Boulif, Deputy Minister to the Prime Minister in charge of General Businesses & Governance; Abedlkader Aâmara, Minister of Industry Trade & New Technologies; Mohamed Hassad, Governor (Wali) of Tangier Province and Saeed Abdulla Khoory, Chief Executive Officer of ENOC.

The US$180 million terminal can store petroleum products including fuel oil, gasoline and gasoil with a total capacity of 508,000 cubic metres, and has access to road tankers and vessels. The facility is equipped with two berths of 30,000 DWT to 70,000 DWT in addition to eight truck loading bays for petroleum products, rail wagon loading, blend plant and recirculation systems.

Saeed Abdulla Khoory said: "We are thankful to the Government of Morocco for the continued support and encouragement for the opening of the new facility. Horizon Tangier Terminal not only highlights the growing footprint of our storage business internationally, but is a strong indicator of ENOC's international expansion plans. The terminal will contribute to the overall social and economic growth of Morocco, drive foreign trade and open up new opportunities for business in the petroleum sector. ENOC is committed to introducing global best practices at the terminal."

According to ENOC, Horizon Tangier's new petroleum storage terminal is well positioned to help address the shortage of storage facilities in north Morocco, which in turn could help reduce the historical costs associated with the supply of gasoil and motor gasoline that comes from central Morocco to the north, and eventually contribute to the growth of the northern region.

In addition to supplying the northern region's requirements, the Tangier terminal will also provide bunker services as well as serve the transit market for international oil marketing companies.

HTL, the independent terminal arm of ENOC, manages more than 5 million cubic metres of storage with a network of nine terminals in a range of locations from South Korea to Morocco. It provides terminal services for bulk liquids storage as well as a range of logistics services.