Swiss-based commodity trading house, Aurora, on Friday announced the start of civil works on a 635,000 cubic metre oil products storage terminal at the Port of Fujairah.
The company said it had signed definitive agreements with the Municipality of Fujairah and the Port of Fujairah for the project, the first phase of which is scheduled to become operational in 2011, Aurora said in a press release.
The terminal will be used for storage, blending, and resupply of fuel oils, gasolines, naphthas and middle distillates (diesel, gasoil & jet kerosene).
Aurora will be an independent terminal operator offering storage capacity to third parties, trading director Ammar Kutait said in a statement.
He added: “There is a lot of demand for storage in the region and with our new state of the art terminal and flexible berthing facilities in the Port we can offer our customers a first rate service in this growth market.”
The Port of Fujairah is this year commissioning a new multi berth facility for the receipt and loading of oil tankers with Aurora one of the first to make use of this new vessel handling capacity in the growing energy hub of Fujairah.
Kutait said: “We are delighted to have commenced the initial works. We expect to have the first phase of the terminal operational in early 2011.”
Aurora Progress is a privately owned Swiss based company with the trade, supply, transport and storage of refined petroleum products as its core activities.
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