Azeri Socar Trading opens oil terminal in UAE
Socar Trading, a unit of Azerbaijan's state run oil firm Socar, said its oil terminal in Fujairah, the United Arab Emirates, has started operating.
March 13, 2012 2:12 by Reuters
“Socar Trading … has started using its newly constructed terminal at Fujairah for its trading activity,” Christian von Langermann, head of Socar Trading Dubai, said in an emailed statement that authorised publication on Tuesday.
“The first cargo of fuel oil destined to the newly constructed terminal in Fujairah is on its way.”
Phase one of the terminal has been completed, with a capacity of 114,000 cubic metres. It will eventually have 20 tanks with total capacity of 641,000 cubic meters to handle fuel oil, gasoline, naphtha, middle distillates and blending components, when all construction has been completed.
The statement did not specify the timing of the final completion. (Reporting by Ikuko Kurahone, editing by Jane Baird)