Azerbaijan, Baku, June 7 / Trend A.Badalova /
Construction within the second phase of Socar Aurora Fujairah Terminal has started, Socar Trading Dubai President and Managing Director, Christian Von Langermann told Trend on Thursday.
He said the second phase adds 235,000 cubic meters to the tanks already in operation.
"We have signed contracts to construct 10 tanks involved in Phase 2 of the terminal", Ammar Kutait, CEO of SOCAR AURORA Fujairah Terminal FZE (SAFT) said in a statement of SAFT.
SOCAR AURORA Fujairah Terminal is joint venture of the State Oil Company of Azerbaijan (SOCAR), AURORA Progress, the Swiss based commodity trading house, and the Government of Fujairah.
According to Kutait, Fujairah National Construction & Transportation (FNCT) conducts all the civil work on the site, Italian Belleli Energy constructs the tanks and pipelines, while
Consilium Middle East provides all electrical, instrumentation and fire fighting equipment.
Terminal in Fujairah Port in the UAE is being constructed by SOCAR Trading, which is a subsidiary of the State Oil Company of Azerbaijan.
SOCAR and Aurora Progress Trade House, which is based in Switzerland, have reached an agreement on cooperation in the development of oil storage facilities, including providing a terminal for the storage of oil products in May 2010. SOCAR Trading has already invested in the construction of a 645,000 m3 terminal in Fujairah, via SOCAR Aurora.
SOCAR AURORA Fujairah Terminal consists of 645,000m3 of storage across 22 tanks and can handle fuel oils, gasoline, naphtha and middle distillates and will be equipped with both tank-to-tank and in-line blending facilities.
The project will be implemented in 3 phases. The initial phase of the terminal has a storage capacity of 115,000 cubic meters, or about 640,000 barrels of oil. Phase 3 of 295,000 cubic meters comprising 7 tanks of 39,250 cubic meters and one of 20,350 cubic meters will be tendered shortly and will be completed during 2014.
