The Emirates National Oil Company (ENOC) Group says that there has been a ‘significant surge’ in demand for storage capacity at its terminals.
ENOC Group, a government-owned company based in Dubai, has six terminals in the United Arab Emirates through its Horizon Terminals subsidiary, with 211 tanks with a total capacity of 4.2 million m3. It also has four terminals outside of the UAE in Saudi Arabia, Djibouti, Morocco and Singapore, with 135 tanks with a total capacity of 2.47 million m3.
The company says that the demand for bulk liquid storage is as a result of the COVID-19 outbreak, which has caused a drop in demand for oil.
To cope with the pandemic, the company says it has implemented the highest health, safety and environmental measures, along with a pandemic business continuity plan which includes guidelines on operating critical functions with minimal staff, managing a back-up fleet of tankers and drivers, and limiting ship-shore interaction. Office employees have worked from home and all employees have ongoing training on reducing COVID-19 spread.
‘As an integrated energy player operating across the energy sector value chain, we focus on adding substantial value to the business and in helping address industry challenges at critical times. To meet the growing demand for oil storage, Horizon Terminals has further optimised capacity for chemical, petroleum and gas products across all its storage facilities,’ says ENOC Group CEO, His Excellency Saif Humaid Al Falasi.
Meanwhile, ENOC Group says that Horizon Terminals was well-prepared for the shift to low-sulphur fuel oil (LSFO) due to asset optimisation and the use of its Operational Excellence Management System (OEMS).