Socar Aurora has invited companies to bid by 1 July for contracts to build a new oil terminal at the Port of Fujairah on the east coast of the UAE.
The construction contracts will be divided into four: civil works, tank, piping and electrical/instrumentational.
The terminal will comprise 20 tanks and will be able to handle 20 million tonnes of refined oil products a year
Construction awards are expected to be made by 7 July and companies have been shortlisted.
Aurora says the initial civil works, which began in February are now complete (MEED 11:2:10). The company declined to name the company, which carried out the work.
Socar Aurora is a joint venture between the State Oil Company of Azerbaijan Republic (Socar) and Swiss-based commodity trading house Aurora Progress. It will develop oil storage facilities at the port including a $180m 641,000 square-metre oil products storage terminal that will be called Socar Aurora Fujairah Terminal-JV.
The terminal will comprise 20 tanks and will be able to handle 20 million tonnes of refined oil products each year. The terminal will be used for the storage of oil products, the blending and resupply of fuel oil, gasoline and jet kerosene.
The first phase of the new terminal is expected to be operational by early 2011.
Socar Aurora will operate the terminal, but will offer storage capacity to other companies.
Fujairah Port Authority is scheduled to commission the first phase of oil terminal two at the port in September 2010. The multi-berth facility will be used for receiving and loading oil tankers.