UAE Launches First VLCC Jetty on Indian Ocean

Source: Emirates News Agency 9/21/2016, Location: Middle East

The inauguration of the UAE's first berth for very large crude carriers (VLCC) in the Indian Ocean sea port of Fujairah will further establish the country as a key hub for global energy trade, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said.

"The strategic project highlights the UAE's position as a global energy hub as well as Fujairah's strategic location," Al Mazrouei said after H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, inaugurated VLCC-1 at the bunkering facility.

The project reflects the vision of H.H. Sheikh Hamad bin Mohammad for the future of the emirate, and is a milestone in the course of comprehensive development being carried out to implement the UAE Vision 2021 and the UAE National Agenda as it supports the state's long-term energy strategy and efforts to make the optimal benefit from the competitiveness of each emirate, he stated.

"Thanks to its leadership, the UAE will set an example for other states in the diversification of sources of income, integration between economic sectors and maximising capacity to boost economy and achieve sustainable development. This is especially so because such vital projects contribute towards development in this region and beyond," he said.

By opening of the largest VLCC facility in the Middle East, the UAE sets yet another record as the facility can receive oil tankers with a capacity of up to 260,000 tonnes (two million barrels) 24/7, the energy minister noted.


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