Azerbaijani-Swiss joint venture prepares to construct third phase of UAE scheme
Azerbaijan/Switzerland Socar Aurora is assessing proposals from several companies for the estimated $100m third phase of its oil storage terminal in Fujairah, UAE, according to sources close to the bidding process.
The front-end engineering and design (feed) phase on the project has been completed by Sharjah-based MUC Oil & Gas Consultancy, which also carried out the feed for the terminals first two phases.
Companies bidding for the engineering, procurement and construction (EPC) project on the third phase include UAE-based groups Albanna Engineering and Topaz Engineering, Indian contractors IOT Infrastructure & Energy Services and Larsen & Toubro, and Italys Belleli Energy.
Socar Aurora, a joint venture of State Oil Company of Azerbaijan Republic (Socar) and Switzerland-based Aurora Progress. The third phase will expand Socar Auroras Fujairah oil storage capacity to about 640,000 cubic metres by 2015.
The company is currently carrying out the second-phase expansion to boost capacity by more than 200,000 cubic metres. The EPC contract for the second phase, which is expected to be completed by the end of 2013, was awarded to Italys Belleli Energy.
The terminal, located on the UAEs east coast, will have a final throughput capacity of more than 5 million tonnes a year (t/y).
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