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Vopak mulls expansion

DUBAI — A further expansion of up to 1.2 million cubic metres and 4-6 additional berths is being considered for the oil terminal of Vopak Horizon Fujairah to better serve the Middle East sector for black and clean mineral oil products.

The company said in a statement that the plan is on top of the ongoing expansion involving 380,000 cubic metres and two berths which will be commissioned in January. It added that the expansion is planned for the north side of the terminal and its conceptual design has already started.

"We are proud to announce that our valued joint venture partners are continuing their growth, as shown by this significant expansion in Fujairah, now one of the world's main bunker markets," said Hussain Sultan, CEO of Emirates National Oil Company, or ENOC Group. Vopak is a joint venture between ENOC Group, the government of Fujairah, Kuwait's Independent Petroleum Group and the Vitol Group, a European firm engaged in a range of commodity and financial business.

The statement said the oil terminal will have a total capacity of 2.7 million cubic metres and 10-12 berths to accommodate large and heavy vessels and tankers.

Vopak's managing director, Walter Moone, said the expansion project "strengthens our position" as a strategic regional hub. "We are very pleased to continuously experience our customers' trust and the good cooperation with our valued partners and local authorities," he added.