Fujairah Oil Terminal FZC was officially inaugurated this week by H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah. At the ceremony Sheikh Hamad unveiled the foundation stone of the project and toured the terminal, where he was briefed about its divisions, operational capacity, work progress and services provided by the port of Fujairah.
He praised the project, referring to its contribution to the success of the economic development plans in the emirate. The Ruler stressed the importance of striking international partnerships to accomplish vital strategic projects.
The oil terminal is owned by the Government of Fujairah, Sinopec Kantons and Concord Energy, and is the first independent crude oil storage terminal in the Middle East. Storage capacity is 1.17 million cbm in 34 tanks.