Pakistan’s second busiest port to get new oil terminal
A bulk liquid storage and handling terminal is being built at Port Qasim, Pakistan by Fauji Oil Terminal and Distribution Company (FOTCO) in joint venture with Trans Group. The cost of the investment is USD25 million. Port Qasim, Pakistan’s second busiest port located on the coastline of the Arabian Sea, handles about 40% of Pakistan’s cargo.
The groundbreaking ceremony of Fauji Trans Terminal Limited (FTTL) was held last week, in the presence of Fauji Foundation Managing Director Lt. Gen. (retired) Khalid Nawaz Khan and Port Qasim Authority (PQA) Chairman Agha Jan Akhtar.
Khan said the storage tanks will be directly integrated with the marine oil terminal of FOTCO, which will result in improved operational efficiency and capacity utilization.
Fauji Trans Terminal will fulfill the needs of oil marketing companies, which are required to keep a minimum product inventory of 20 days.
The oil storage terminal has a designed storage capacity of 280,000 tonnes. Phase one will have a storage capacity of 108,000 tonnes and will become operational by early 2018.
The oil terminal is designed to handle crude oil and naphtha, as well as refined petroleum products including gasoline, diesel fuel, fuel oil and lubricants.