Azerbaijan, Baku, Sept. 20 / Trend A.Badalova /
The second phase of Socar Aurora Fujairah Terminal has been completed, Thomson Reuters reported with the reference to SOCAR AURORA Fujairah Terminal FZC (SAFT) on Friday.
SOCAR AURORA Fujairah Terminal is a joint venture of SOCAR (State Oil Company of Azerbaijan), Aurora Progress SA, the Swiss based commodity trading house and the Government of Fujairah.
The second phase added 235,000 cubic meters to the tanks already in operation.
According to Ammar Kutait, CEO of SAFT, within the second phase a successful delivery of 11 tanks took place. "We have adopted the latest technology in the construction including having a revolutionary sealing system in place on the domed and internal floating roofs that will minimise the loss of product," Kutait said.
Kutait stressed that the Port is making further investments as well in additional berths that will shortly allow to accommodate vessels of up to 200,000 tonnes.
"With SAFT having some of the highest pumping rates in Fujairah we expect to be handling these larger ships in the future," he added.
SOCAR AURORA Fujairah Terminal: The terminal has a total planned capacity of 815,000m3 and can handle fuel oils, gasolines, naphthas and middle distillates (diesel, gasoil & jet kerosene) and is equipped with both tank-to-tank and in-line blending facilities. SOCAR AURORA is an independent terminal operator offering storage capacity to third parties.
The terminal is being constructed in phases - the first 2 phases are now complete and provide 350,000 cubic metres of capacity for customers. The next phase will be 12 tanks totalling 315,000 cubic metres. There is then a final phase of a further 150,000 cubic metres.
According to Kutait, APICORP (Arab Petroleum Investments Corp.) and National Bank of Fujairah will provide in the next phase in total 110 million dollars of funding.