(MENAFN) Dutch Vopak is set to build five crude oil storage tanks with total capacity of 478,000 cubic meters at the port of Fujairah in the UAE, Reuters reported.
Vopak is already in a partnership with Horizon Terminals, the government of the emirate of Fujairah and Kuwait's Independent Petroleum Group at the port.
The five tanks, with around 2.1 million cubic meters total storage capacity now, are to be expanded to become fully operational by June with a total storage capacity of 2.6 million cubic metrers.
"We didn't start this project to only keep it at five tanks - we hope in future to expand it," the general manager of Vopak Horizon Fujairah said in a statement.
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