Gulf Petrochem Group, a leading player in oil sector, is confident to launch operations at Fujairah oil terminal project in October this year, its top official said.
The Sharjah-based company, which finalised the deal with Fujairah government in January, said the phase one of the oil terminal project is on the verge of completion and will have capacity of up to 1.2 million cubic metres of storage. Fujairah Government has a 12 per cent stake in the project.
“We are open to signing contracts to lease our capacities,” Sanjeev Sisaudia, group chief executive of Gulf Petrochem Group, told Khaleej Times during an interview.
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