11 Jan 2015
(MENAFN) Directions Fuel Trading (DFT), a member of the UAE conglomerate Khushi Group, said that it has invested USD19.05 million on its newly opened fuel storage and processing tank farm at Al Jurf Industrial Area in Ajman, Khaleej Times reported.
DFI, which handles more than 500,000 gallons of fuel per day, said that the new storage and fuel processing facility has six tanks large enough to store 10.000 metric tona of gasoil and furnace oil, adding that the new facility is expected to support the expansion of the group’s USD544.35 million fuel trading business.
“Our investment amid falling crude prices reflects our belief in the UAE economy. Despite volatility in the global crude oil prices, the gasoil and fuel oil market will continue to grow in the UAE due to its reduced reliance on hydrocarbon and continued activities in the construction, transport, logistics, infrastructure and industrial development main sectors that consume fuel oil and gasoil,” chairman of Khushi Group said.
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more