Contract awarded by Abu Dhabis Brooge Petroleum & Gas Investment Company
The local MUC Oil & Gas has been appointed the project management consultant by Abu Dhabis Brooge Petroleum and Gas Investment Company (BPGIC) for a new oil storage terminal project in Fujairah.
BPGIC is planning to build a terminal at the UAE port with the capacity to store 843,000 cubic metres of fuel oil, clean products and crude oil.
The facility will be built in two phases, with the first phase incorporating small- and medium-sized tanks featuring a combined capacity of 350,000 cubic metres.
Oil storage capacity at Fujairah has increased significantly over recent years. The port authority estimates capacity will reach 8.58 million cubic metres in 2015, compared with 3.16 million cubic metres in 2011.
The Fujairah ports location allows shipments of oil products to enter and leave the UAE without passing through the Strait of Hormuz the bottleneck entrance to the Gulf.
Follow Mark Watts on Twitter: @MEEDMark
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