The Emirates National Oil Co. (ENOC) 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.
Vopak ENOC is also reportedly plans to build two more jetties to receive tankers of up to 100,000 dwt, alongside the 2 existing jetties, which receive vessels of up to 45,000 dwt and 145,000 dwt.
Sultan said cost efficiencies would bring business to the Fujairah facility. He said within 3 months Fujairah would have storage capacity of 800,000 cu m.
Salem Abdo Khalil, technical adviser to the Fujairah government, said plans for the Vopak ENOC Fujairah terminal, which enlarged its capacity to more than 720,000 cu m from 510,000 cu m in less than 2 years after starting operations, now included the addition of six extra tanks that would increase capacity by 200,000 cu m.
He added that a plan was on the table to build 10 more tanks at the Emirate terminal that would raise capacity there by 170,000 cu m.
