Gulf Petrochem Group inaugurated its new storage terminal in the United Arab Emirates. The terminal can house all classes of petroleum products including base oil.
The new terminal in Hamriyah, Sharjah, will have 203,888 cubic meters total capacity with 37 tanks ranging from 1,700 cubic meters to 11,200 cubic meters each. It can connect to other key terminals in the vicinity, the company said in a news release, and is also connected to both inner and outer harbors of Hamriyah port.
Our storage terminal business has become an integral and significant business unit for the group, said BM Bansal, Gulf Petrochem Group board member, speaking on the sidelines of the inauguration ceremony. Complimented by our existing storage facilities in in Fujairah, U.A.E., and Pipavav, India, the new terminal in Hamriyah will continue to enable us to service our customers within strategically located storage and trading hubs globally.
According to its web site, the company has an existing 412,000-cubic meter terminal in Fujairah, U.A.E., which has 17 tanks and can handle fuel oil and gas oil. Gulf Petrochem also operates a 248,400-cubic meter terminal in Pipavav, India. That terminal has 46 tanks and can handle a variety of petroleum products, including base oil.
U.A.E.-based Gulf Petrochem specializes in lubricant and grease manufacturing, oil trading and bunkering, oil refining, oil storage terminals, bitumen manufacturing, shipping and logistics. In addition to in the Middle East, the company has a presence in South Asia, Far East Asia, Africa and Europe.