Emirates Petroleum Products Company (EPPCO) has completed an 11 million Emirati dirham ($2.9 million) expansion project of its Fujairah Terminal in only seven months. The project increases EPPCO's storage capacity at Fujairah by 50 percent.
EPPCO, a subsidiary of the Emirates National Oil Company (ENOC), has independent oil storage terminals at Jebel Ali and Fujairah. ENOC is committed to developing infrastructure facilities at Fujairah through joint venture investments in VOPAC Horizon Fujairah (VHFL) and EPPCO.
VHFL is a joint venture between ENOC, Vopak of the Netherlands, the Government of Fujairah, Kuwait's Independent Petroleum Group and the Vitol Group. It operates the first independent onshore oil terminal outside the Arabian Gulf, with a capacity of over one million cubic meters.
ENOC's facilities are designed to handle a wide range of products extending from crude oil to refined petroleum products and chemicals, in order to meet the diversified needs of the oil traders and bunkering companies operating in the region. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
