Estimated to be worth $25 million-30 million, the 18-month contract will call for the construction of about 13 storage tanks with total capacity of 300,000-400,000 cubic metres. The terminal will provide storage for mogas (motor gasoline) and facilities for the blending and distribution of jet fuel.
The UK’s Mott MacDonaldhas drawn up the front-end engineering and design (FEED) studies for the project. A second-phase development is also envisaged on the 100,000-square-metre site.
The client is Emirates General Petroleum Corporation (Emarat), which signed in January a heads of agreement with the UK’s BP and Trafigura of the Netherlands to build the new facility (MEED 17:1:03).
Under the terms of the deal, Emarat is expected to take a 60 per cent stake in the new company that will operate the complex. Trafigura and BP will each take a 20 per cent stake in the venture.