Aurora announces new terminal development in Fujairah
(Thomson Reuters ONE) - Aurora Petroleum Trading & Supply / Aurora announces new terminal development in Fujairah processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. The Swiss based commodity trading house, Aurora has announced today the start ofcivil works on a 635,000 m3 oil products storage terminal at the Port ofFujairah, United Arab Emirates, following the signing of definitive agreementswith the Municipality of Fujairah and the Port of Fujairah.The terminal will be used for storage, blending, and resupply of fuel oils,gasolines, naphthas and middle distillates (diesel, gasoil & jet kerosene).Aurora will be an independent terminal operator offering storage capacity tothird parties. Aurora's Trading Director Ammar Kutait remarked "There is a lotof demand for storage in the region and with our new state of the art terminaland flexible berthing facilities in the Port we can offer our customers a firstrate service in this growth market."The Port of Fujairah is commissioning this year a new multi berth facility forthe receipt and loading of oil tankers. Aurora will be one of the first to makeuse of this new vessel handling capacity in the growing energy hub of Fujairah.Commenting on this major development in the region, Mr. Kutait said: "We aredelighted to have commenced the initial works. We expect to have the first phaseof the terminal operational in early 2011".Aurora Progress S.A. is a privately owned Swiss based company with the trade,supply, transport and storage of refined petroleum products as its coreactivities. The Group's roots go back to 1978 when Petrotex S.A. was firstestablished; after acquiring Petrotex S.A and its subsidiaries, Aurora Progresscontinued to expand becoming a global trading company. Today the Group's maintrading arm Aurora Petroleum Trading & Supply S.A. is involved in the trading &supplying of most petroleum products and supplying bunkers in ports around theworld.For enquiries please send an email to info(at)aurora-sa.com
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Datum: 10.02.2010 - 08:42 Uhr
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