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The State Oil Company of the Azerbaijan Republic (Socar) is set to receive its first shipment of fuel oil at its new storage terminal [pictured] in Fujairah, United Arab Emirates, within the next two weeks, the company said.

The first phase of construction has been completed and the Socar Aurora Fujairah Terminal (SAFT) is now ready for use. The new facility has a storage capacity of 114,000 cubic metres (approximately 640,000 barrels) of oil.

"The first cargo of fuel oil destined to the newly constructed terminal in Fujairah is on its way," Christian von Langermann, head of Socar Trading Dubai, said in a statement.

The SAFT project is a joint venture between Socar Trading, the international marketing, trading and development arm of Socar; Aurora Progress, the Swiss based commodity trading house; and the Government of Fujairah.

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.