IL&FS Prime Terminals’ strategic vision to become a key storage player in Fujairah is supporting its growth developments as work starts on its Phase II expansion
In 2015 IL&FS Maritime embarked on its maiden venture into the tank storage sector with its 333,484 m3 facility in the flourishing Fujairah market.
The oil storage facility, located in the Port of Fujairah, started with 17 storage tanks for various grades of refined petroleum products, including fuel oil, gas oil, diesel, petrol, jet fuel and naphtha. The facility provides value added services including blending, heating, additive/dozing of products and road tanker loading and unloading.
The terminal is also one of the few terminals in the region to be accredited to Integrated Management System (IMS) 2015 standards. Since becoming operational in March 2015, it has maintained healthy occupancy levels of around 90% and has handled aggregate volumes of more than 12 million m3.
In an interview with Tank Storage Magaz...