ASIA

Jurong oil terminal contracts awarded

21 years ago

Dubai-headquartered Horizon Terminals Limited (HTL), established by Emirates National Oil Company (ENOC), has awarded construction contracts for a US$200 million bulk liquids terminal to be built on 39ha of land at Banyan, Jurong Island in Singapore.

The contract for consultancy was awarded to Singapore’s Jurong Consultants and made on behalf of Horizon Singapore Terminals Pte Limited (HSTL).

Joint venture partners will include HTL (52%), Kuwait’s Independent Petroleum Group (15%), Boreh International FZE (8%) of the UAE, Martank BV of Holland (10%) and SK Energy Asia Pte Ltd. of South Korea (15%).

The HSTL terminal, which will take 18 months to complete, will enable the handling of Class 1,2 and 3 petroleum products. Four berths will be constructed in the first phase which will enable the berthing of partially laden VLCCs as well as small barges for bunker or cross port trades.