Fri Nov 10 09:11:00 CST 2000
-- Emirates to increase bunkering business
The Emirates National Oil Co. plans to become a major player in the regional bunkering business in 12-18 months' time, the Organization of Petroleum Exporting Countries' news agency, OPECNA, reported yesterday. ENOC Chief Hussain Sultan said the company plans to invest $10.3 million to build three pipelines connecting its existing Emirates Petroleum Products Co. terminal, the Vopak ENOC Fujairah facility, and the Fujairah refinery to a jetty. Work will be completed by January 2001.