Billions of dollars have been invested in developing Fujairah into the Middle East’s foremost bunkering port, and indeed one of the largest in the world. More is being invested in further expansion work as stakeholders seek to capitalize on Fujairah’s strategic location and proximity to major oil production centers.
Major foreign firms such as Vitol and Vopak have invested in developing oil storage facilities at Fujairah, with total capacity now in excess of 10mn m³ (63mn barrels, see map). (CONTINUED - 758 WORDS)
