Fujairah on February 24 /WAM/ stressed the importance of providing an encouraging environment for investment in the oil sector, by keeping pace with the best modern technologies and following the rapid developments in the oil derivatives trade and storage sector, to attract investors to the UAE. This came during his visit to the site of the oil refinery "Ecomar Energy Solutions", which is located in Fujairah area of the petroleum industry (FOIZ) where he was received by His Highness the General Manager of the refinery Demetrius Bakos.
His Highness Sheikh Hamad bin Mohammed Al-Sharqi said that the Emirate of Fujairah enjoys an important and vital strategic location, which has helped it to keep pace with the sustainable development of the country, through its optimal investment of its natural resources and vital facilities, namely the port of Fujairah, which has the latest technological means in transporting, shipping, and unloading of goods and oil shipments, in addition to the role of Fujairah oil industry region (FOIZ) in attracting more foreign investment in this vital sector, thus becoming one of the most important oil areas in the oil industry and storing oil on the new silk road. His Highness the Ruler of Fujairah listened to a detailed explanation of the refinery's divisions and its work in the field of oil refining and storage, and ways to apply the best international standards and practices in this field as well as the strategic plans it intends to implement in the future.
The General Manager of The Refinery "Ecomar Energy Solutions" and its employees thanked His Highness Sheikh Hamad bin Mohammed Al-Sharqi, member of the Supreme Council and Ruler of Fujairah for the continued support of the Government of Fujairah for petroleum enterprises operating within the Fujairah oil industry area (FOIZ) until the Emirate of Fujairah became strongly present on the world map in the oil sector and oil industries. The Ecomar Energy Solutions refinery, which refines its crude oil (NAFTA, kerosene, gas and fuel oil) can refine 20,000 barrels per day of crude oil, and the facility stores about 100,000 cubic meters of refined raw materials. The refinery's expansion plans in the second phase include increasing refining capacity of 40,000 barrels of crude oil, reaching a full capacity of 60,000 barrels per day, as well as increasing its storage capacity to more than 800,000 cubic meters of crude and refined petroleum materials.
His Highness the Ruler of Fujairah was accompanied on the inspection visit by H.E. Mohammed Saeed Al-Dhanani, Director of the Prince's Court in Fujairah, and Captain Salem Al-Afkham, Director of Fujairah Petroleum Industry Region ,FOIZ.
