There has been a ‘significant surge’ in demand for storage capacity at the Emirates National Oil Company (ENOC) Group’s terminals. The Dubai-based government-owned company has six terminals in the United Arab Emirates (UAE) through its Horizon Terminals subsidiary. Those include 211 tanks with a total capacity of 4.2 million m3. 

Elsewhere, it has four terminals outside of the UAE in Saudi Arabia, Djibouti, Morocco and Singapore, with 135 tanks with a total capacity of 2.47 million m3. The company says the COVID-19 outbreak is the cause of the spike in demand for bulk liquid storage, which has also caused a drop in demand for oil.

ENOC Group CEO, His Excellency Saif Humaid Al Falasi, said: “As an integrated energy player operating across the energy sector value chain, we focus on adding substantial value to the business and in helping address industry challenges at critical times. To meet the growing demand for oil storage, Horizon Terminals has further optimised capacity for chemical, petroleum and gas products across all its storage facilities.”

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22nd June 2020