New UAE $142m oil terminal 'complete by end-2013'

Horizon Terminals Limited says terminal will link directly to Dubai International Airport
New UAE $142m oil terminal 'complete by end-2013'
(Photo for illustrative purposes only)
By Andy Sambidge
Mon 29 Apr 2013 09:25 AM

Horizon Terminals Limited, a subsidiary of Emirates National Oil Company (ENOC), has announced that its new oil terminal in Jebel Ali is on schedule for completion by end-2013.

The project, which will add a storage capacity of over 141,000 cubic metres, also features a 60km jet fuel pipeline that links the terminal directly to the Dubai International Airport.

Yusr Sultan, managing director of terminals at Horizon, said: "With Dubai recording significant growth in its aviation sector, the new terminal has a strategic role to play in further strengthening operational efficiencies through assured jet fuel supply.

"It is equipped to meet the growing demand for jet fuel, in tune with the Dubai International Airport's growth, which welcomed record passenger traffic of over 58.5 million last year."

The $142m bulk liquid petroleum terminal will be fully automated and will have facilities for receiving jet fuel from marine tankers and from the adjacent ENOC-owned refinery.

The terminal will also have tanker truck loading facilities connected to oil tanker berths, the company said in a statement.

HTL manages more than five million cubic metres of storage with a network of nine terminals located in markets, including the UAE, Saudi Arabia, South Korea, Morocco, Djibouti, and Singapore.

Last year, Horizon signed a $100m sharia-compliant loan to partly fund the construction of the new terminal.

Jebel Ali port is Dubai's main shipping hub, both for general cargo and for oil product shipments. Fuel retailer ENOC is among the biggest oil storage owners at Jebel Ali, with its 1.2 million cubic metres of storage capacity.

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