FUJAIRAH, (Pakistan Point News - 22nd Sep, 2021) H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, highlighted the key role of the Organisation of the Petroleum Exporting Countries (OPEC) in achieving rates consistent with the needs of the global oil market and stressed that the UAE is supporting the organisation’s work.
Sheikh Hamad made this statement during a meeting at Al Rumailah Palace, with Timipre Sylva, Nigerian Minister of Petroleum Resources, and Mohammad Sanusi Barkindo, OPEC Secretary-General, on the occasion of the inauguration of Brooge Petroleum and Gas Investment Company's second phase storage facility at the Fujairah Oil Industry Zone (FOIZ), bringing its total capacity to around 1 million cu m (6.3 million barrels).
Sheikh Hamad stressed such renewable projects support the strategic vision of the UAE in the field of energy and petroleum industries. It would help reinforce the economic stature of Fujairah by raising its oil storage capacity and improving the services of the FOIZ.
During the meeting, Sheikh Hamad was briefed about the progress of construction work of the company's second phase project, according to the highest international standards, supporting the country’s development process and strengthening its sustainable economy.
He commended the company’s efforts to increase the emirate’s fuel and oil storage capacity and enhance its competitiveness in energy and oil.
Sylva commended Fujairah’s leading role in increasing the energy and oil, and fuel storage capacities of the middle East and the entire world, highlighting the emirate’s advanced infrastructure and technologies that help improve the efficiency of national economic indexes and achieve sustainable development.
Barkindo said Fujairah emirate is undoubtedly advancing in oil and gas storage and exportation, noting that its significant projects highlight its leadership in this area.
The meeting was attended by Mohammed Saeed Al Dhanhany, Director of Fujairah’s Emiri Court; Salem Al Zahmi, Director of the Fujairah Crown Prince’s Court; Sharif Salim Al Olama, Under-Secretary of the Ministry of Energy and Infrastructure; Ahmed Mohammed Al Kaabi, Assistant- Under-Secretary of Petroleum, Gas and Mineral Resources Affairs; Salem Al Afkham, Director of FOIZ, and several oil storage specialists.
