Singapore-Chinese joint venture Fujairah Oil Terminal (FOT) has invited companies to bid for the second phase of its oil storage terminal project in Fujairah on the east coast of the UAE.
Companies have been given a deadline of 16 March to submit bids on two engineering, procurement and construction (EPC) packages to expand the capacity of the existing terminal.
Fujairah Oil Terminal (FOT) is a joint venture formed of Singapore-based Concord Energy and Sinopec Kantons, which is incorporated in Bermuda and Listed in Hong Kong Stock Exchange.
Phase one of the FOT operation was completed in 2013, and has the capacity to store 1.2 million tonnes of crude oil, fuel oil, gas oil and gasoline.
EPC package 1 of the expansion covers the storage tanks and associated facilities, while package 2 includes pipeline connections to the very large crude carrier (VLCC) berths at the Port of Fujairah.
In the fourth quarter of last year Vopak Horizon Fujairah completed the expansion of its crude storage operations in Fujairah, adding 478,000 cubic metres of additional capacity.
The project, which is the seventh expansion phase of the terminal, brings the Vopak Horizon Fujairahs total capacity to 2.6 million cubic metres.
