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Aurora, the Swiss based commodity trading house, has announced the start of civil works on a 635,000metres cubed of oil products storage terminal at the Port of Fujairah in the UAE.
The announcement follows a signing of definitive agreements with the Municipality of Fujairah and the Port of Fujairah.
“There is a lot of demand for storage in the region and with our new state of the art terminal and flexible berthing facilities in the Port we can offer our customers a first rate service in this growth market,” said Aurora’s Trading Director Ammar Kutait.
The terminal will be used for storage, blending and re supply of fuel oils, gasolines, napthas and middle distillates. Aurora will be an independent terminal operator, offering storage capacity to third parties.
“We are delighted to have commenced the initial works. We expect to have the first phase of the terminal operational in early 2011,” Kutait added.
