Vopak Horizon Fujairah Adds to Crude Oil Storage Capacity

By MarEx 2014-01-01 16:46:00

On 30 December, Vopak Horizon Fujairah Limited announced the seventh phase of its expansion, adding 478,000 cbm of storage capacity for crude oil.

The seventh phase of expansion will feature five storage tanks for crude oil, one manifold and pipeline connection to the new VLCC jetty in the Port of Fujairah, raising the total storage capacity at Vopak Horizon Fujairah to over 2.6 million cubic meters (cbm).

This expansion will mark the first crude oil tanks in the Middle East for independent storage purposes. It will further strengthen Fujairah as a global hub for crude oil and oil products, with room for further expansion

This expansion will lift the storage capacity of Vopak Horizon Fujairah to over 2.6 million cbm, and strengthens Fujairah’s status as one of the world’s leading hubs for crude oil and oil products, with room for further expansion. Apart from a connection to the new VLCC jetty in the Port of Fujairah, the expansion includes the construction of five storage tanks for crude oil and a manifold. The crude oil storage tanks will be the first in the Middle East for independent storage purposes.

Saeed Khoory, CEO of ENOC, said: ‘We are thankful for the support of the Government of Fujairah in the expansion of the Vopak Horizon Fujairah facility. Over the years, Fujairah has firmly underlined its global credentials as one of the top three oil storage hubs, next to Rotterdam and Singapore. The addition of more storage space at Vopak Horizon Fujairah will significantly support the region’s oil trade sector, and enhance the convenience of all key stakeholders by providing world-class logistics support. The growth will also contribute to further energizing the local economy of Fujairah.’

Eelco Hoekstra, chairman of the executive board and CEO of Royal Vopak comments: ‘With its strategic location outside the Strait of Hormuz combined with the available infrastructure and knowledge, the Port of Fujairah is very well positioned to become a crude oil hub in the Middle East. We are excited to build together with our partners the seventh expansion of Vopak Horizon Fujairah and add crude oil tanks to safely serve our customers.’

This expansion and jetty connections are expected to be commissioned in HY2 2016.