Fujairah to emerge as oil trading hub in the region | GulfNews.com:
"Fujairah will emerge as an important oil and trading hub in the coming years with the number of facilities coming up in the port, industry experts at the Tank Storage Middle East conference said.
“Fujairah will emerge as a hub for business activity. IPIC (International Petroleum Investment Company) refinery with a processing capacity of 200,000 barrels per day will be a game changer,” said Nizam Noorali, chief operating officer of Socar Aurora Fujairah terminals.
He said a number of projects are in the pipeline at the port. “LNG terminal is coming through. There will be facilities for chemical storage, bitumen storage, crude oil storage and crude oil pipeline connectivity to the port.”"
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