Azerbaijan, Baku, Sept.14 / Trend, E.Ismayilov /
The first part of oil storage terminal in Fujairah Port, which is being constructed by SOCAR Trading - subsidiary of the State Oil Company of Azerbaijan (SOCAR) will be put into operation in autumn, SOCAR senior representative told Trend.
"The project is successfully implemented and the first phase will be commissioned in autumn, no later than November," the company's representative said.
SOCAR and Aurora Progress Trade House, which is based in Switzerland, reached an agreement on cooperation in the development of oil storage facilities, including providing a terminal for the storage of petroleum products in May 2010.
SOCAR Trading has recently invested in the construction of a 645,000 m3 terminal in Fujairah, via SOCAR Aurora, a joint venture company with Aurora Progress and the government of Fujairah.
The Fujairah Terminal includes 20 tanks and has the capacity for handling gasoline, naphtha, middle distillates and other petroleum products.
SOCAR Aurora will act as an independent terminal operator offering the infrastructure's capacity to third parties.