SOCAR AURORA Fujairah Terminal FZC (SAFT), the joint venture company between SOCAR, the State Oil Company of Azerbaijan Republic, AURORA Progress, the Swiss based commodity trading house, and the Government of Fujairah today announced the start of construction of the second phase of the 645,000 cubic metre oil products terminal in Fujairah.

This phase adds 235,000 cubic metres to the tanks already in operation and has been funded with $61 million from APICORP and National Bank of Fujairah.

Ammar Kutait, CEO of SAFT commented "We have now signed the construction contracts for the 10 tanks involved in Phase 2 of the terminal. Fujairah National Construction & Transportation (FNCT) is doing all the civil works on the site, Belleli Energy is constructing the tanks and pipelines and Consilium Middle East is providing all the electrical, instrumentation and fire fighting equipment.

Tags: SOCAR AURORA Fujairah Terminal