First phase will have a storage capacity of 412,000 cubic metres
UAE-based Gulf Petrochem has announced it has started building the first phase of a new 1.2 million cubic metres oil storage terminal at Fujairah port, Reuters has reported. Scheduled for commissioning in the second quarter of 2012, the first phase would have a storage capacity of 412,000 cu m, with subsequent phases to take the full capacity to 1.2 million cu m, the company said.
You might also like...
Cyberattacks impact 44% of UAE retailers
24 April 2024
Abu Dhabi and Oman launch $180m tech fund
24 April 2024
Oman LNG wins key supply deals
24 April 2024
UAE and Oman firms sign $32bn energy deal
24 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.