The UAE has boosted its role as a global oil trading hub by launching its first crude shipment jetty in the Port of Fujairah.
The VLCC jetty will leverage the port’s strategic position at the heart of rising energy trades along the south-south corridor. This corridor stretched from Beijing to Lagos.
The berth is seen as a key step in allowing the port to expand its offering on the global market. The Middle East could account for 18% of oil demand growth between 2015 and 2021.
The Fujairah government reclaimed more than 10.25 million square meters of land using more than 22 million tonnes of rock to achieve the 26 meter deep-water draft necessary for VLCC’s for 24 hour marine operations.
The berth will allow customers to load or discharge up to two million barrels of crude oil within 24 hours and can facilitate tankers up to 344 meters long.
The total cost of the project is AED 650 million (€157 million).
H.H. Sheikh Saleh Bin Mohammed Bin Hamad Al Sharqi, chairman of the Department of Industry and Economy and chairman of the Port of Fujairah, says: ‘The Port of Fujairah’s launch of the first VLCC berth on the Indian Ocean is integral to supporting the UAE’s energy demands and keeping pace with what is an intensely competitive sector.
‘The new VLCC berth illustrates our determination to continually elevate Fujairah and the UAE on the regional and international energy map.’
Captain Mousa Murad, general manager at the port, adds: ‘The new VLCC berth significantly enhances the Port of Fujairah’s commercial ability and is a necessary step in ensuring that the port, which already operates a unique matrix manifold system, continues to be recognised as a world-class facility, enhancing the UAE’s position as one of the most influential players in the global energy market.’
Plans to increase storage capacity at the port to 14 million m3 by 202 are also underway.