Emoil starts work on gas storage in JAFZ
Emoil starts work on gas storage in JAFZ.
Emoil Petroleum Storage has laid the foundation of its new US $33 million gasoline storage and blending facility in Jebel Ali Free Zone. The company is a newly established joint venture between Emirates General Petroleum Corporation (Emarat), BP Singapore PTE Ltd. and Trafigura Beheer BV.
The facility will include nine products storage tanks of various capacities for blending and storing high quality gasoline products, with total capacity of 203 000 m3, to be built in an area covering 47 000 m2. Emarat holds 60% of the joint venture while BP and Trafigura hold 20% respectively.
The contract to construct the facility has been awarded to Belleli Energy and the project is expected to be completed in 16 months. The main objective of the project was to diversify sourcing of unleaded gasoline locally. “By blending gasoline products at this dedicated facility we will not only be able to meet Emarat’s own requirements for high quality gasoline but also supply local and regional markets,” said Rashid Al Shamsi, general manager, Emarat and chairman of Emoil.