Thursday 28 August 2014
 
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UAE port

Sinopec to build oil storage in UAE port

Singapore-based Concord Energy and China's Sinopec will start to build oil storage in the UAE port of Fujairah within two months, a source at Concord Energy said on Wednesday. Traders are rushing to secure oil storage outside the

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Emarat set to lease Fujairah oil storage capacity

United Arab Emirates' fuel retailer Emarat will have 263,000 cubic meters of oil storage capacity at the UAE port of Fujairah, which will be ready for leasing by September, the company said on Wednesday. 'Emarat is in the final sta

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