By Staff writer
Fujairah ruler Sheikh Hamad bin Mohammed Al Sharqi to inaugurate oil facility on Wednesday
The UAE's first berth for very large crude carriers (VLCC) will be inaugurated in the Indian Ocean sea port of Fujairah on Wednesday by Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah.
Fujairah's oil terminal, considered the world's largest bunkering facility in terms of operational capacity, is set to enhance Fujairah's strategic position as a key hub for global oil trade, amid growing demand for oil, news agency WAM reported.
"The inauguration of the VLCC-1, the first of its kind in Fujairah, will support the demand for energy in the UAE and help keep pace with developments in this competitive sector," said Sheikh Saleh bin Mohammed Al Sharqi, chairman of the Department of Industry and Economy at the Government of Al Fujairah, and chairman of the board of directors of Fujairah Sea Port.
The seaport has been in operation since 1983, but the new VLCC facility will further establish the emirate of Fujairah and the UAE as key regional and global energy trade hubs, he added.