Bloomberg News

Socar to Get First Oil-Product Cargo at New Terminal in Fujairah

March 12, 2012

The State Oil Co. of Azerbaijan, or Socar, will receive the first oil-product shipment at its new Fujairah terminal in the United Arab Emirates within the next two weeks, the company said.

The initial phase of the company’s Fujairah terminal project has finished construction and is ready for use, Socar said in an e-mailed statement today. It has a storage capacity of 114,000 cubic meters, or about 640,000 barrels, of oil.

“The first cargo of fuel oil destined to the newly constructed terminal in Fujairah is on its way,” Christian von Langermann, head of Socar Trading Dubai, said in the statement.

The entire Fujairah facility will have a total capacity of 641,000 cubic meters, the company said, declining to provide a timetable for the entire project’s construction. The 20 tanks will be able to store fuel oil, gasoline, naphtha, middle distillate products and blending components.

To contact the reporter on this story: Lananh Nguyen in London at lnguyen35@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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