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21 February 2024

Fujairah Oil Terminal opens

By Staff

His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, has inaugurated the first phase of Gulf Petrochem’s Fujairah Oil Terminal today at the new facility.

With a storage capacity of 412,000 cubic meters, the first phase of the Fujairah Oil Terminal is able to handle Class III petroleum products such as Fuel Oil, Gas Oil and Cutter Stock.

Gulf Petrochem Group’s new storage terminal has been constructed according to the highest quality standards. It is equipped with state-of-the-art technology and highly automated systems. These are among the key features that will add value to services being offered and ultimately drive client satisfaction.

The storage terminal consists of 112,233 sq meters, which include up to 73,269 sq meters of expansion capability.

Sanjeev Sisaudia, Group Chief Executive, Gulf Petrochem, said: “The presence of HH Sheikh Hamad bin Mohammed Al Sharqi, Ruler of Fujairah, during the inauguration strongly reaffirms the critical importance of this project as an integral element in the economic development agenda of the emirate, and we are grateful for the support.”

Prerit Goel, Group Director of Gulf Petrochem Group, said: “The launch of Gulf Petrochem’s new oil terminal in Fujairah has certainly generated huge interest being a landmark project that strongly supports the sustained growth of the industry, and we are excited about the road ahead as we strategically consolidate our presence regionally and internationally. We would like to take this opportunity to say thank you to all our strategic partners in the Fujairah project including Abu Dhabi Islamic Bank, National Bank of Fujairah, First Gulf Bank, Al Hilal Bank and United Arab Bank.”