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FINANCIAL NEWS
UAE- Fujairah to set up USD350m petroleum storage warehouses
10 Apr 2013
(MENAFN) The Crown Prince of Fujairah, Shaikh Mohammad Bin Hamad Bin Mohammad Al Sharqi, laid the foundation stone for the establishment of a new petroleum storage facility, reported Gulf News.
The warehouses will be used to store petroleum products, in addition to crude oil for the Fujairah Oil Terminal Company.
The USD350 million project, which is expected to be completed in next year’s fourth quarter, is funded by foreign and local banks.
It is worth noting that the facility will have the capacity to store 1.1 million cubic meters.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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