UAE’s Fujairah port is expected to have a total storage capacity of nine million cu/m by the end of 2015, according to a top UAE government official
Petroleum economics director from UAE’s Energy Ministry Ahmad Mohammad Al Kaabi said that Fujairah’s location south of the Strait of Hormuz has attracted several investments into port storage facilities. In addition, a 380 km long oil pipeline from Habshan to Fujairah City allows crude to be transported smoothly to the global market, he explained.
Aside from the oil pipeline, Kaabi added that there are onshore crude facilities with eight tanks, each with a capacity of one million, and with a potential to be expanded to 12 tanks. Fujairah plans to add more shipping berths dedicated to handling very large crude carriers or VLCCs (Very Large Crude Carrier), in the expectation that storage facilities for crude will be ready by the time the berths open.
The port’s capacity was 6.6mn cu/m in 2013 and port officials are keen to expand it, in order to project Fujairah as a global trading hub.
