Horizon Terminals Limited (HTL) unveiled a US$100mn oil terminal with a capacity of 240,000 cu/m in Fujairah today, which it believes will strengthen the Emirate’s position as a global oil and gas storage hub
Officially inaugurated by His Highness Sheikh Hamad Bin Mohammed Al Sharqi, member of the Supreme Council and Ruler of Fujairah, the Horizon Fujairah Distribution Terminal was built by HTL, the terminals business and wholly-owned subsidiary of the Emirates National Oil Company (ENOC).
ENOC chief executive officer Saeed Khoory said, "The terminal further strengthens the storage capacity offered by Fujairah, which will serve the needs of the Gulf region that accounts for nearly 50 per cent of the world’s oil reserves."
Directly linked to the oil tanker berths at Fujairah Port and fully adapted to store a variety of bulk liquid oil products, including fuel oil, naphtha, gas oil, and LPG, this marks the 11th oil terminal HTL has developed.
Having started soft operations in 2013, the terminal has ten bays of tanker truck loading racks, associated facilities, a maintenance workshop, and a marine receipt and loading pump house.
"The terminal has added great value to the Emirate, by creating new jobs and supporting the ancillary sectors. We are committed to strengthening our operations in Fujairah and support the Government’s vision for all-round social and economic growth," added Khoory.
Khoory was joined at the inauguration ceremony by representatives from the Fujairah Government and other senior management figures of ENOC and HTL, including ENOC managing director of terminals Yusr Sultan.
Sultan said, "We are consistently developing our proficiencies in terminalling operations in Fujairah and the new terminal clearly demonstrates our commitment to the Emirate."
The terminal is HTL’s second such facility in Fujairah and its sixth in the UAE so far, as a new terminal with an expected capacity of 141,000 cu/m is being developed in Dubai’s Jebel Ali.
