Middle East News

The new $1.7 billion Bay Port at Haifa, which will be able to handle containerships of 18,000 TEUs or more, was officially opened this week.

​Qatar Petroleum’s Ras Laffan Port has become the first port in the Arabian Gulf to join the international Green Award network as an Incentive Provider for certified LNG carriers.

Sohar Port and Freezone has signed an agreement with Muscat-based Hormuz Marine to begin bunkering services from mid-September, reports Bloomberg.

Commodity trader and asset management company Montfort is to begin physical supply at Fujairah and Khor Fakkan from 1 September, with operations supported by two barges.

Prostar Capital has secured a new $280 million debt facility for the 7.4-million-barrel Fujairah Oil Terminal (FOT).

Bunker volumes at the Port of Fujairah totalled 690,339 cubic metres (cbm) in July, a 2.8% increase on June’s figures and the highest monthly total to date in 2021.

Phase III of the expansion of Brooge Energy’s facility at Fujairah would include the construction of a 25,000 barrels per day refinery for the production of low sulphur fuel oil.

Kuwait Oil Company has taken delivery of a new oil spill response vessel designed by Robert Allan Ltd.

The 666,164 cubic metres (cbm) of marine fuel sales at the Port of Fujairah in June was marginally down on the 667,818 cbm recorded in May.

Oman’s HYPORT Duqm green hydrogen project has signed a cooperation agreement with Uniper, which will see the energy company provide engineering services and negotiate an exclusive offtake agreement of green ammonia.