Abu Dhabi Oil Refining Company (Takreer) has taken over the development of a new fuel storage tank farm in Sharjah and plans to re-tender a construction deal on the scheme by mid-August.

The project, to build nine tanks with 83,000 cubic metres of storage capacity for refined oil and gas products including jet fuel, diesel, gasoline and fuel oil at the Hamriyah free zone on the Sharjan coast was originally being developed by Abu Dhabi National Oil Company (Adnoc) subsidiary Adnoc Distribution.

MEED reported in January that the company had cancelled the tender for an estimated $100m-plus engineering, procurement and construction (EPC) contract to build the tanks as Adnoc had commissioned more detailed engineering works on the scheme (MEED 22:1:10).

Takreer took over the project early in the second quarter of the year and wants to tender a new EPC deal before Ramadan starts in mid-August, says one source working on the scheme.

Takreer had told contractors that it would retender the contract by the end of June, but executives hoping to bid on the deal say that this is now likely to be pushed back until late July.

Five international engineering firms bid for the deal in September 2009. The prequalifiers for the contract included the local Al-Jaber Energy Services, Italy’s Belleli Energy, Lebanon’s Contracting & Trading (CAT), Punj Lloyd and Indian Oil Tanking, both of India (MEED 27:9:09).