Dubai: Topaz Engineering's fabrication and construction unit, through its subsidiary Nico International Hydrospace, was recently awarded a $45 million (Dh165.2 million) Gulf Petrochem EPC (engineering, procurement and construction) contract.
The contract covers phase one of a major petroleum storage terminal in close proximity to the Port of Fujairah. When completed, the terminal will have storage capacity of over one million cubic metres at single location.
The facility, which is expected to take 17 months to complete, will feature dock pipeline connectivity to the Port of Fujairah, a pigging system for all dock pipelines, operational flexibility to handle Class A, B, C products in all tanks, a road tanker unloading and loading facility and will be built to NFPA standards including all support systems such as OWS, ETP and compressor station.
Mott MacDonald has been appointed project management consultant and will oversee the entire development.
Gulf Petrochem was founded in 1998 through the vision of developing the potential of exporting petroleum based oils and lubricants to India, and it was established with the commissioning of a re-refinery in Sharjah's Hamriyah Free Zone. Based in the UAE, Petrochem FZC is now one of the region's leading producers of petroleum products with operations including oil refining, multi product oil trading, grease manufacturing and leasing and storage tank facilities.
Topaz's ongoing investments in Fujairah hit a high with the 2009 commissioning of its 30,000 square metre Al Hayl fabrication facility. The industrial facility was custom built and equipped with state-of-the-art machinery to support the terminal business in Fujairah and has helped Topaz increase its market share in the local market.
