Horizon to open storage facility in December

Horizon Singapore Terminals expects to bring on line its planned 950,000 cubic meter oil storage facility in Jurong Island by December. Horizon will first bring onstream 720,000 cubic meters of storage facility, raising its storage capacity by another 120,000 cubic meters in March 2007 and 110,000 cubic meters in June 2007. The terminal will store liquid petroleum products and will include facilities for blending gasoline and fuel oil. Horizon Singapore Terminal is the Singaporean arm of Emirates terminaling company Horizon Terminals Ltd, which has terminaling facilities and services in Fujairah and Jebel Ali in the United Arab Emirates and Yanbu in Saudi Arabia. (July 26, 2006)