Enoc Bunkering Fujairah Limited (EBFL), a subsidiary of Emirates National Oil Company (Enoc) Ltd, has contracted an additional 150,000 cubic metres of bunker storage capacity to become operational as of January, according to a statement from the company.
"This extra capacity is aimed at fulfilling our growth needs for the next three years," said Hussain Sultan, group chief executive and director, Enoc.
The additional land storage has been contracted from Vopak-Horizon Fujairah Ltd (VHFL), a flagship joint venture between Holland's Vopak and Horizon Terminals Ltd (HTL), a wholly owned Enoc subsidiary.
EBFL has also committed to contracting one of two new bunker berths that VHFL is constructing in Fujairah to improve facilities for customers.
"One berth will be dedicated for the exclusive use of EBFL's vessels," Sultan said.
This long-term contract between these two companies underlines their joint commitment to creating a professional bunkering operation in Fujairah and developing the emirate as a major bunker port.
The additional terminal and storage capacity will also allow EBFL to expand its leading local market share, with current annual sales exceeding 2 million tonnes, and assist it with expansion into other geographic regions and to meet client demand.
EBFL is a joint venture between Enoc, which holds 51 per cent of the equity, the Fujairah government, which has a 25 per cent stake, and Kuwait's Independent Petroleum Group with the remaining 24 per cent.
The joint venture provides offshore and in-port marine products in Fujairah.
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