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Fujairah Ruler inaugurates Gulf Petrochem’s oil terminal

FUJAIRAH — His Highness Shaikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, inaugurated the first phase of Gulf Petrochem’s Fujairah Oil Terminal on Wednesday.

With a storage capacity of 412,000 cubic metres, the first phase of the Fujairah Oil Terminal is able to handle Class III petroleum products such as Fuel Oil, Gas Oil and Cutter Stock.

Gulf Petrochem Group’s new storage terminal has been constructed according to the highest quality standards. It is equipped with state-of-the-art technology and highly automated systems. These are among the key features that will add value to services being offered and ultimately drive client satisfaction. The storage terminal consists of 112,233 square metres, which include up to 73,269 square metres of expansion capability.

“The presence of Shaikh Hamad bin Mohammed Al Sharqi during the inauguration strongly reaffirms the critical importance of this project as an integral element in the economic development agenda of the emirate, and we are grateful for the support,” Sanjeev Sisaudia, group chief executive, Gulf Petrochem, said.

He said the inauguration of this facility is a result of the vision of Ashok Goel, founder and chairman as well as Sudhir Goyel, managing director, of the company. During the ceremony, Shaikh Hamad unveiled a marble stone, which marked the inauguration of the terminal.

Prerit Goel, group director of Gulf Petrochem Group, said: “The launch of Gulf Petrochem’s new oil terminal in Fujairah has certainly generated huge interest being a landmark project that strongly supports the sustained growth of the industry.”

— business@khaleejtimes.com