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Fujairah port to see oil storage capacity rise
- United Arab Emirates: 6 hours, 40 minutes ago
Oil storage capacity in the UAE port of Fujairah is expected to grow by two million cubic metres (mcm) this year to just over six mcm, Reuters has reported. Fujairah had 4.07 mcm of oil storage capacity at the end of 2012, with Vopak Horizon Fujairah accounting for about half, figures from the port show. Another two mcm is expected to come online in 2013, including capacity additions from existing companies such as the Emirates National Oil Co (Enoc), GPS Chemoil and Socar Aurora, along with new port investors such as Gulf Petrochem.
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