Sunday, August 30, 2015

Make Money, Literally Out of Stone! And How Blending Can Help…

I was fortunate to get a grand tour of the Port Of Fujairah in UAE with the gracious harbormaster, Capt. Tamer Masoud (kindly offering me water).

The tour was unforgettable, the ultramodern installations, from the state of the art tugboats to the matrix manifolding connecting the 10 or so different oil tank storage terminals to the port, the control tower, barge and VLCC jetties, deep sea berths, etc. And all this was done by grinding down the mountains to make artificial land…

Truthfully I was more than a bit envious when I recalled some of the decrepit installations we have on the Houston ship channel, where we have always to beg for money to maintain and modernize facilities…
It is no wonder that Fujairah is the second largest bunkering port in the world, in 2014 more than 14,000 vessels called there, fully 60% for bunkering.

Looking to the future, UAE’s ADNOC built a 48 in crude pipeline from the Habshan oil fields to Fujairah, where it is stored in 8 gigantic 1 million barrels tanks for export, all this outside the Straits of Hormuz. IPIC, UAE government investment arm, is building a 200,000 BPD refinery to make refined products for both export and domestic market.

With oil prices expected to vary within $30 to $60/bbl in the next couple of years, UAE’s neighbor, Iran, will also become a big Fujairah customer to meet its ambitious export goals, so it’s a win-win situation…..

To learn more about making money making bunker fuel with smart blending, register for my next bunker blending course in Singapore.  

To learn more about making money making gasoline and diesel fuels with smart blending, (without crushing mountains!) register for my next gasoline blending course in London: Registration for Gasoline and Diesel Blending:

1 comment:

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