Sokhna development on track

Vopak-Horizon Fujairah Limited, (VHFL), a joint venture between Hollands VOPAK and Horizon Terminals Limited (HTL), a wholly-owned subsidiary of Emirates National Oil Company (ENOC), has struck a joint venture with Egypts Sokhna Bunkering Company, (SONKER), with the aim of building a bulk liquids terminal at Sokhna Port, 40 km south of Suez. The new joint venture, Vopak-HorizonSokhna Limited (VHSL), will be 60% owned by SONKER with the remaining equity held by VHFL.