UAE port also developing infrastructure to keep pace with extra capacity
The Red Sea and Gulf Bunkering Conference (Rescon) was told that storage capacity at Fujairah, UAE, is expected to rise to around 7.8m cu m by 2014 from its current 5.8 m cu m.
Speaking earlier this week Tamer Masoud said that Fujairah was experiencing booming demand from the Middle East and Asia. Fujairah is currently the world’s second largest bunker port in the world.
Reuters quoted Capt Masoud as saying: “We’re working to develop our infrastructure parallel to the oil storage growth.” He noted that major storage projects by Aegean Maritime, Gulf PetroChem and ENOC were close to completion.
He is quoted as saying: “We’re offering a one-stop shop in terms of maritime services, plus the strategic location makes an important difference.”
Another major project is the Abu Dhabi Crude Oil Pipeline, running to Fujairah, which is expected to be operational soon. The pipeline should be able to deliver up to 1.5 million barrels of crude oil a day. The project should also boost Fujairah’s bunker market with large crude oil carriers taking on stems prior to loading.
Source: World Bunkering
