SOCAR begins building Fujairah products terminal Phase 2
SOCAR Aurora Fujairah Terminal FZC—a joint venture of SOCAR, Aurora Progress, and the government of Fujairah, UAE—has started building Phase 2 of a 645,000 cu m multiberth products terminal in the Port of Fujairah, adding 235,000 cu m to the tanks already in operation.
SOCAR Aurora Fujairah Terminal FZC (SAFT)—a joint venture of State Oil Co. of Azerbaijan Republic (SOCAR), Swiss-based commodity trading house Aurora Progress, and the government of Fujairah, UAE—has started building Phase 2 of a 645,000 cu m multiberth products terminal in the Port of Fujairah, adding 235,000 cu m to the tanks already in operation. The terminal is for both receipt and loading of tankers.
Phase 2 will consist of 10 tanks. Fujairah National Construction & Transportation (FNCT) is doing all the civil works on the site, Belleli Energy is building the tanks and pipelines, and Consilium Middle East is providing all electrical, instrumentation, and fire-fighting equipment.
SAFT expects Phase 2 to be operational by this year’s fourth quarter. Phase 1 (115,000 cu m) received first oil in March. Funding is already in place for the 295,000 cu m Phase 3, with SAFT anticipating issuing construction tenders in the near future for completion in 2014. Phase 3 will comprise 7 39,250-cu m tanks and 1 20,350-cu m tank.
SAFT’s full 645,000-cu m capacity will use 22 tanks and be capable of storing fuel oils, gasolines, naphthas, and middle distillates (diesel, gas oil, and jet kerosene). It will be equipped with both tank-to-tank and in-line blending capabilities.
Phase 2 was funded by $61 million from APICORP and National Bank of Fujairah. APICORP is the lead bank for the terminal, providing a combined $110 million of funding for Phase 2 and Phase 3.
Contact Christopher E. Smith at email@example.com.