Saud Salim Al Mazrouei Director of Hamriyah Free Zone Authority (HFZA) and Sharjah Airport International Free Zone (SAIF ZONE) officially inaugurated Gulf Petrochem Group’s brand new state-of-the-art terminal in Sharjah.
Located within Hamriyah Free Zone (HFZA), the $60m storage terminal, with a capacity of over 200,000 cubic meters, will provide storage capacity to meet the growing demand within the region.
“We are delighted to celebrate the opening of this new terminal as it will enable Gulf Petrochem, which is a leading player in the oil industry, to offer its products locally and internationally,” Al Mazrouei said after the inauguration.
“We see the opening of the new terminal in HFZA as another example of our strategic goal of empowering businesses paying off. We remain committed to giving our valued customers the best possible infrastructure to help support their growth aspirations,” he further added.
According to Gulf Petrochem officials, the new state of the art terminal will have a total capacity of 203,888 cbm with 37 tanks ranging from 1,700 up to 11,200 cbm. Complying with International Safety and Operational standards, the new terminal will be able to house all classes of petroleum products such as Fuel Oil, Gas Oil, Base Oil, Bitumen, Naptha among others. GP Hamriyah Terminal has a flexibility allowing it to easily connect to other key terminals in the vicinity. It is also connected to both inner and outer harbours of Hamriyah Port.
BM Bansal, Board Member at Gulf Petrochem Group said, “Our storage terminal business has become an integral and significant business unit for the Group. Complimented by our existing storage facilities in Fujairah, UAE and Pipavav, India, our new terminal in Hamriyah will continue to enable us to service our customers within strategically located storage and trading hubs globally.”
Mohammed Mir Abdulrahman, Director of Sharjah Department of Seaports and Customs; Ahmed bin Hadda Al Suwaidi, Director of Administrative Affairs; Sudhir Goyel, Managing director of Gulf Petrochem and other dignitaries attended the opening ceremony.
Started in 1998 with the commissioning of a refinery in Sharjah’s Hamriyah Free Zone, Gulf Petrochem is a conglomerate worth over $2.5 billion with business operations in oil trading and bunkering, refining, storage terminals, bitumen manufacturing, lubricants, shipping and logistics.