14 January 2005
DUBAI - Dubai-headquartered Horizon Terminals Limited (HTL), the independent company established by Emirates National Oil Company (ENOC) LLC, has awarded construction contracts for a $200 million bulk liquids terminal to be built on 39 hectares of land at Banyan, Jurong Island in Singapore.
The contract for consultancy was awarded to Singapore's Jurong Consultants and made on behalf of Horizon Singapore Terminals Pte Limited (HSTL) -- a joint venture to be incorporated in Singapore. Joint venture partners will include HTL (52 per cent), Kuwait's Independent Petroleum Group (15 per cent), Boreh International FZE (8 per cent) of the UAE, Martank BV of Holland (10 per cent) and SK Energy Asia Pte Ltd. of South Korea (15 per cent). The HSTL terminal, which will take 18 months to complete, will enable the handling of Class 1,2 and 3 petroleum products.
"This terminal has been designed for the safe, efficient and competitive loading and unloading of bulk liquid cargoes from tanker vessels in accordance with international standards," said Hussain Sultan, Group Chief Executive and Board Member, ENOC.
"HTL has been greatly assisted in this endeavour by the Jurong Town Corporation of Singapore, which provided the land, and by support from the Singapore Economic Development Board as well as other Governmental agencies such as Marine Port Authority (MPA)."
Jurong Consultants has been working closely on the terminal project with ENOC Engineering and Construction since November 2003.
"The terminal's first phase will have 30 tanks providing 840,000 cubic metres of storage for liquid petroleum products," explained Sultan. "The tanks will be built in accordance with API 650 and there will be an option for an additional three tanks, providing an extra 120,000 cubic metres of capacity.
BY A STAFF REPORTER
© Khaleej Times 2005
