GTI Fujairah FZC https://gtifujairahfzc.com bulk liquid storage terminal facility Wed, 31 Jul 2024 07:22:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://gtifujairahfzc.com/wp-content/uploads/2024/07/cropped-GTI-Logo-32x32.jpg GTI Fujairah FZC https://gtifujairahfzc.com 32 32 GTI Fujairah Invests in VLCC project. Expects Surge in Oil Trade https://gtifujairahfzc.com/gti-fujairah-invests-in-vlcc-project-expects-surge-in-oil-trade/ https://gtifujairahfzc.com/gti-fujairah-invests-in-vlcc-project-expects-surge-in-oil-trade/#respond Wed, 31 Jul 2024 07:22:56 +0000 https://gtifujairahfzc.com/?p=566

GTI Fujairah is investing an estimated $45 million to upgrade the infrastructure at its storage facilities, betting on a surge in crude trading and storage demand at the United Arab Emirates oil hub, the company’s chairman told Reuters.

FOT’s expansion, financed by a new $280 million debt facility, will connect its terminal to the Port of Fujairah’s very large crude carrier (VLCC) loading facility and the Abu Dhabi Crude Oil Pipeline (ADCOP) pipeline, said Steve Bickerton, senior managing director at Prostar Capital and chairman of FOT.

“That’s a game-changer because it gives us access to customers who want to be moving crude oil through VLCCs and it gives our customers direct access to the ADCOP, which brings Abu Dhabi’s Murban Crude into Fujairah,” said Bickerton.

The project is expected to be completed by the end of next year, Bickerton said.

Abu Dhabi in March launched the Murban crude futures contracts, a physically delivered contract with delivery at Fujairah, offering a rival pricing benchmark and allowing traders to hedge Middle East crude and refining margins.

UAE national oil company ADNOC also plans to boost its output capacity to 5 million barrels per day (bpd) by 2030 from about 4 million bpd now.

“Whilst the port has historically been one of the largest bunker fuel ports in the world, I think we’re potentially going to see that being taken over and dwarfed by the crude oil market,” said Bickerton.

With the trading and storage opportunities made possible by the Murban oil futures contract, Bickerton added it was “a real possibility” for Prostar to increase its Fujairah crude oil storage capacity through its wholly-owned GTI Fujairah terminal located alongside FOT.

Prostar Capital is a 40% shareholder in FOT with the rest held by Hong Kong-listed Sinopec Kantons (50%) and the Government of Fujairah (10%).

“GTI Fujairah has a large land-bank at the back of the existing terminal and it could build another 500,000 cubic meters of storage on that land and can access the same VLCC connection that we are putting in as part of FOT’s program,” said Bickerton.

FOT contributed 29% of the Port of Fujairah’s 2020 throughput and represents about 12% of the Fujairah storage market, according to Prostar’s website. (Reporting by Roslan Khasawneh; editing by David Evans)

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Prostar Capital’s GTI Fujairah terminal continues decarbonisation efforts https://gtifujairahfzc.com/prostar-capitals-gti-fujairah-terminal-continues-decarbonisation-efforts/ https://gtifujairahfzc.com/prostar-capitals-gti-fujairah-terminal-continues-decarbonisation-efforts/#respond Tue, 30 Jul 2024 16:49:24 +0000 https://gtifujairahfzc.com/?p=551
Prostar Capital’s GTI Fujairah terminal continues decarbonisation efforts

Prostar Capital’s GTI Fujairah terminal in the Port of Fujairah, UAE, has been fitted with solar lighting as part of the company’s ongoing decarbonisation efforts.

GTI Fujairah has become the first terminal in the port to install Smart Solar technology, which is an advanced modular solar lighting system with an integrated battery unit.

The company said the maintenance-free lights will reduce the terminal’s lighting-related energy consumption by 30 percent, a reduction in the terminal’s carbon footprint of 35 tonnes.

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Best Oil Storage Companies in UAE https://gtifujairahfzc.com/best-oil-storage-companies-in-uae/ https://gtifujairahfzc.com/best-oil-storage-companies-in-uae/#respond Tue, 23 Jul 2024 10:41:48 +0000 https://gtifujairahfzc.com/?p=326

Best Oil Storage Companies in UAE

GTI Fujairah Oil Storage is a well-respected name in the UAE’s oil storage industry. It was founded on the idea of running technologically advanced facilities for bulk liquid storage where it provides minimal loss in time, money, and end product volume for its customers. This is why they stand out:

     

      • Tailored Solutions: Valor has a niche in the provision of tailored solutions to its clients, which makes them different because of their skills and vast experience. They’re more than just storage; they do midstream storage, transport, and trade liquid petroleum products

      • Based on Trust: Integrity and trust are the foundations upon which Valor was established. They maintain the highest standards that make clients believe in their services. 

      • Strategic Locations: These include their Mount Row Terminal in Fujairah, a 420,000 CBM Class III terminal, which makes it strategically located in one of the world’s major oil hubs. This impressive facility will be further enhanced by expansion plans comprising 200,000 CBM of Class 1 storage and 300,000 CBM of crude oil storage.
      • Liquid Bulk Petroleum Storage: Valor’s state-of-the-art oil terminal has one of the best oil facilities for local trucking. It is a 116,824 CBM Class I and III bulk oil storage terminal in the Hamriyah Free Zone, which ensures smooth operations.

      • Oil Trading Expertise: Build Reputation Step by Step: This is GTI Fujairah’s belief. They have their trading arm located in the Hamriyah Free Zone.

      • Terminals: Own Terminals Give Competitive Advantage to Valor Ensuring Customer Satisfaction. 

    BPGIC (Brooge Petroleum and Gas Investment Company)

    Some of the most advanced bulk liquid storage facilities are run by BPGIC, a leading independent oil refinery and storage company. They promise to minimize losses for both oil majors and smaller energy traders. In this respect, they treat product handling as seriously as safety and security, if not more.

       

        • High Technology Terminal: This distinguishes BPGIC from other providers in the industry in terms of service quality. Their combined facilities handle 1,001,388 CBM of crude and refined fuel products.

        • Fast-Growing Independent Provider: BPGIC assures excellence in energy storage and oil refineries.

      Brooge Energy Limited

      Brooge Energy Limited, a midstream oil storage and service provider listed on NASDAQ, differentiates itself with its commitment to safety, quality, and efficient operations.

         

          • Dedicated Connectivity: Their facilities are located strategically in Fujairah, where they connect through the Port of Fujairah. The success of best-in-class assets is powered by advanced technologies.

          • Robust Growth Plans: Brooge Energy is expanding and has already started a major expansion project. These include their clean petroleum products as well as biofuels for sustainable energy solutions.

        Verasco (third-party storage providers)

        Some of these major third-party oil storage providers in the UAE include:

           

            • SIDDCO Group

            • ATS (Abu Dhabi Terminals)

            • Universal Storage Terminal

            • Arya Petroleum

          This way, these companies play a role in ensuring that the UAE’s oil storage landscape operates efficiently while guaranteeing the existence of a steady supply.

          Conclusion:

          This article has truly examined the best oil storage companies in the UAE, covering strategic locations, advanced technology, and determination. These companies make sure liquid assets are secure by providing a seamless flow of energy that drives economies with custom solutions from Valor International FZC and Brooge Energy’s ambitious growth plans that ensure uninterrupted power supply. They still remain vital in a world where the demand for energy is skyrocketing, as they bridge the gap between supply and prosperity.

           

            • Tailored Solutions: Valor has a niche in the provision of tailored solutions to its clients, which makes them different because of their skills and vast experience. They’re more than just storage; they do midstream storage, transport, and trade liquid petroleum products

            • Based on Trust: Integrity and trust are the foundations upon which Valor was established. They maintain the highest standards that make clients believe in their services. 

            • Strategic Locations: These include their Mount Row Terminal in Fujairah, a 420,000 CBM Class III terminal, which makes it strategically located in one of the world’s major oil hubs. This impressive facility will be further enhanced by expansion plans comprising 200,000 CBM of Class 1 storage and 300,000 CBM of crude oil storage.
            • Liquid Bulk Petroleum Storage: Valor’s state-of-the-art oil terminal has one of the best oil facilities for local trucking. It is a 116,824 CBM Class I and III bulk oil storage terminal in the Hamriyah Free Zone, which ensures smooth operations.

            • Oil Trading Expertise: Build Reputation Step by Step: This is GTI Fujairah’s belief. They have their trading arm located in the Hamriyah Free Zone.

            • Terminals: Own Terminals Give Competitive Advantage to Valor Ensuring Customer Satisfaction. 

          BPGIC (Brooge Petroleum and Gas Investment Company)

          Some of the most advanced bulk liquid storage facilities are run by BPGIC, a leading independent oil refinery and storage company. They promise to minimize losses for both oil majors and smaller energy traders. In this respect, they treat product handling as seriously as safety and security, if not more.

           

            • High Technology Terminal: This distinguishes BPGIC from other providers in the industry in terms of service quality. Their combined facilities handle 1,001,388 CBM of crude and refined fuel products.

            • Fast-Growing Independent Provider: BPGIC assures excellence in energy storage and oil refineries.

          Brooge Energy Limited

          Brooge Energy Limited, a midstream oil storage and service provider listed on NASDAQ, differentiates itself with its commitment to safety, quality, and efficient operations.

           

            • Dedicated Connectivity: Their facilities are located strategically in Fujairah, where they connect through the Port of Fujairah. The success of best-in-class assets is powered by advanced technologies.

            • Robust Growth Plans: Brooge Energy is expanding and has already started a major expansion project. These include their clean petroleum products as well as biofuels for sustainable energy solutions.

          Verasco (third-party storage providers)

          Some of these major third-party oil storage providers in the UAE include:

           

            • SIDDCO Group

            • ATS (Abu Dhabi Terminals)

            • Universal Storage Terminal

            • Arya Petroleum

          This way, these companies play a role in ensuring that the UAE’s oil storage landscape operates efficiently while guaranteeing the existence of a steady supply.

          Conclusion:

          This article has truly examined the best oil storage companies in the UAE, covering strategic locations, advanced technology, and determination. These companies make sure liquid assets are secure by providing a seamless flow of energy that drives economies with custom solutions from Valor International FZC and Brooge Energy’s ambitious growth plans that ensure uninterrupted power supply. They still remain vital in a world where the demand for energy is skyrocketing, as they bridge the gap between supply and prosperity.

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          Strategic Partnership and Supportive Ecosystem https://gtifujairahfzc.com/strategic-partnership-and-supportive-ecosystem/ https://gtifujairahfzc.com/strategic-partnership-and-supportive-ecosystem/#respond Thu, 30 Jun 2022 08:08:33 +0000 https://gtifujairahfzc.com/?p=136

          This expansion is fueled by a Memorandum of Understanding (MoU) signed with HFZA. It grants GTIF access to:

          • a stimulating business environment within the free zone.
          • integrated and sophisticated facilities and services supporting regional and global expansion.
          • a supportive ecosystem for companies operating in the oil and gas sector.

          Nimar Nikx expressed his happiness with the new step taken by GTI. He emphasized that it was driven by the unique facilities and exceptional support provided by the free zone to all investors.

          “We have had such a great experience with HFZA since our incorporation in 2019,” Nikx said. “The new plant will be dedicated to refining many commodities such as fuel oil, gasoil, naphtha, and kerosene for local and global use. 

          Our target market, other than local UAE markets, includes India, the Far East, and some African nations. We are currently exporting to over 10 countries around the world, and we are growing daily.”

          In one year, we should have more than 30 to 40 more employees for our administration and trading teams and plant,” Nikx responded.

          HFZA provides “unique facilities and exceptional support,” which GTI’s CEO Murtaza Lakhani praises. Strategic partnerships of this kind are crucial in fostering industry growth and innovation, according to Nikx. His leadership underscores the importance of collaboration and forward-thinking in driving the company’s success.

          The New Memorandum of Understanding: Details and Implications

          The freshly signed MoU allows GTI Fujairah FZC to lease a plot measuring 193,500 square feet from HFZA. A state-of-the-art mini refinery will be constructed on this site, which has attracted Dh77 million in investment capital. This facility is expected to have a production capacity of about ten thousand barrels per day, from which crude oil, fuel oil, gasoil, and naphtha shall be produced.

          The expansion is a lynchpin of the strategic plan of Valor International in order to ameliorate its functions regionally and globally. This new facility, which is based in Sharjah, will increase GTI’s cumulative investment in Hamriyah Free Zone to almost AED 200 million. This not only shows that the firm is dedicated to growing but also underlines its status as a significant player in oil trading and logistics.

          Investing in the future:

          This presents Valor with marketing confidence that they are moving to capture more of the regional oil and gas market. The strategic shift paves the way for long-term sustainability with an increase in production. This new mini-refinery will process a wider variety of commodities and thus meet many different market needs. Such expansion can only be done through strategic alliances with HFZA (Hamriyah Free Zone Authority). 

          Hfza offers a robust business environment coupled with interconnected facilities and a supportive eco-system. The capital will be used to support Valor’s growth in the U.S. and abroad, he said, as both markets present good opportunities for the company. 

          Through this partnership, we get the best of infrastructure and services, which in turn also helps in seamless expansion. Valor is making strategic efforts, already securing their place and readiness in the market for now and forever, that can secure their success and lead in the!

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          The Best Oil Trading Companies In The UAE To Work With https://gtifujairahfzc.com/the-best-oil-trading-companies-in-the-uae-to-work-with/ https://gtifujairahfzc.com/the-best-oil-trading-companies-in-the-uae-to-work-with/#respond Thu, 30 Jun 2022 08:07:12 +0000 https://gtifujairahfzc.com/?p=133

          The United Arab Emirates has a vast number of oil storage facilities. These are the top oil storage companies whose existence is a result of technology and commitment. The lifeblood of commerce never fails when they are around. From their latest terminals to the strategic harbor in Fujairah, these are the people who guard over the liquid assets that bring life to modern civilization. 

          They drive economic development by enabling economies to thrive at all times. This article will take readers on a voyage to the best oil storage companies in the UAE, where excellence in safety, continuous flow, and high quality meet.

          How Do Oil Storage Companies in UAE Work?

          Oil storage companies operating in the UAE are of crucial importance to the energy supply chains. This is how they do it:

          • Strategic Locations: These corporations situate their storage facilities near important ports and transportation centers. The UAE, which has many busy ports such as Fujairah, is a perfect place because it is close to main sea routes and the Indian Ocean.
          • Tanks and Terminals: These firms have huge oil tanks and terminals. There are great numbers of tanks for crude oil, refined products, and other petroleum products.
          • Automated Systems: They use automated systems for loading and unloading at their plants. For 24 hours every day during the week, trucks, barges, and vessels haul oil to these terminals or from them.
          • Safety First: Safety should always come first. These companies adhere to very strict safety rules in order to prevent accidents from occurring, in addition to protecting the staff working there and conserving the environment around them.
          • Operational Excellence: In order to keep things running smoothly, oil storage companies must integrate safety standards with innovative solutions aimed at making everything work efficiently, since this is cutting-edge technology like terminal automation systems (TAS) that can help streamline such processes.
          • Storage: Petroleum products of different types, including crude oil, gasoline, diesel fuel, and jet fuel, are kept by these firms.
          • Distribution: They ensure that goods move to the final users.
          • Mixing: Some firms blend middle distillates and fuel oils of different quality grades to fit particular needs.
          • Additional substances: They put additives into the products so as to improve their quality.
          • 24/7 Operations: All day and night, vessels are being loaded and discharged by trucks.
          • Industry Vitality: These firms form the backbone of the oil and gas industry. Their effective storage and distribution guarantee a constant supply of energy resources.

          Even as global demand for energy continues to rise, UAE-based oil storage companies remain central to meeting these needs worldwide.

          In brief, they bring together safety, technology, and infrastructure, all geared toward keeping the wheels of the energy industry turning smoothly. These commitments ensure that oil flows from wells to pumps uninterrupted, driving economies across the globe and livelihoods everywhere.

          ]]>
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          Best Oil Storage Companies in UAE. https://gtifujairahfzc.com/best-oil-storage-companies-in-uae-2/ https://gtifujairahfzc.com/best-oil-storage-companies-in-uae-2/#respond Thu, 30 Jun 2022 08:05:48 +0000 https://gtifujairahfzc.com/?p=130

          The United Arab Emirates has a vast number of oil storage facilities. These are the top oil storage companies whose existence is a result of technology and commitment. The lifeblood of commerce never fails when they are around. From their latest terminals to the strategic harbor in Fujairah, these are the people who guard over the liquid assets that bring life to modern civilization. 

          They drive economic development by enabling economies to thrive at all times. This article will take readers on a voyage to the best oil storage companies in the UAE, where excellence in safety, continuous flow, and high quality meet.

          How Do Oil Storage Companies in UAE Work?

          Oil storage companies operating in the UAE are of crucial importance to the energy supply chains. This is how they do it:

             

              • Strategic Locations: These corporations situate their storage facilities near important ports and transportation centers. The UAE, which has many busy ports such as Fujairah, is a perfect place because it is close to main sea routes and the Indian Ocean.

              • Tanks and Terminals: These firms have huge oil tanks and terminals. There are great numbers of tanks for crude oil, refined products, and other petroleum products.

              • Automated Systems: They use automated systems for loading and unloading at their plants. For 24 hours every day during the week, trucks, barges, and vessels haul oil to these terminals or from them.

              • Safety First: Safety should always come first. These companies adhere to very strict safety rules in order to prevent accidents from occurring, in addition to protecting the staff working there and conserving the environment around them.

              • Operational Excellence: In order to keep things running smoothly, oil storage companies must integrate safety standards with innovative solutions aimed at making everything work efficiently, since this is cutting-edge technology like terminal automation systems (TAS) that can help streamline such processes.

              • Storage: Petroleum products of different types, including crude oil, gasoline, diesel fuel, and jet fuel, are kept by these firms.

              • Distribution: They ensure that goods move to the final users.

              • Mixing: Some firms blend middle distillates and fuel oils of different quality grades to fit particular needs.

              • Additional substances: They put additives into the products so as to improve their quality.

              • 24/7 Operations: All day and night, vessels are being loaded and discharged by trucks.

              • Industry Vitality: These firms form the backbone of the oil and gas industry. Their effective storage and distribution guarantee a constant supply of energy resources.

            Even as global demand for energy continues to rise, UAE-based oil storage companies remain central to meeting these needs worldwide.

            In brief, they bring together safety, technology, and infrastructure, all geared toward keeping the wheels of the energy industry turning smoothly. These commitments ensure that oil flows from wells to pumps uninterrupted, driving economies across the globe and livelihoods everywhere.

            ]]>
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