iPhone | iPad
Android
Huawei
Course offers training in English language, interviewing skills, resume writing, and job search tips
KT APPDOWNLOAD
Off to Fujairah
Oil storage capacity at the UAE port of Fujairah is expected to rise by two million cubic metres, or mcm, this year to just over six million cubic metres, port data shows.
The port outside the Strait of Hormuz, a vital Gulf oil export route, has seen a boom in storage facility building since late 2009. But the pace of construction has slowed over the last year, several traders said, with the looming threat of overcapacity and lower forward prices for oil making storage unattractive.
Fujairah had 4.07 million cubic metres of oil storage capacity at the end of 2012, port figures show, with Vopak Horizon Fujairah accounting for about half. Another two million cubic metres is expected to come online in 2013, including capacity additions from existing companies such as the Emirates National Oil Company, or Enoc, GPS Chemoil and Socar Aurora, along with new investors such as Gulf Petrochem.
According to data supplied by port authorities, another 2.3 million cubic metres of storage will be added when the seventh phase of Vopak Horizon’s expansion project comes online and Singapore-based Concord Energy and China’s Sinopec finish their 880,000 cubic metre project.
By 2015, Fujairah’s oil storage capacity is expected to rise to almost nine million cubic metres, according to the port authorities.
More news from
Beloved to tourists as well as residents, these spots not only fulfil your food and shopping cravings, but also provide experiences in nature
It means that residents are within a quarter-hour walk or bike ride from everything they need to a lead a good life
The Minister of Youth shared some exercises — from walking to fitness and balance training — integral to his reconditioning programme
Pezeshkian's remarks came as the Islamic republic marked the anniversary of the September 2022 death of 22-year-old Iranian Kurd Mahsa Amini in police custody
Agents opened fire on a gunman who was spotted with an assault-style rifle hiding in bushes at one of Trump's Florida golf courses
The superfans stumping for Kamala Harris are not formally affiliated with the artist who unites them
From choosing secure connections to avoiding risky pop-ups, here's how you can protect your privacy