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UAE-based petroleum supplier Emarat will be leasing 263,000 cubic metres of oil storage capacity to interested parties at the port of Fujairah, the company said this week.

In a document inviting companies to provide information on their operations, Emarat said that it was in the final stages of expanding its facilities at Fujairah Terminal and that it would be ready for leasing by September 2011.

The storage facility will be able to handle refined oil products such as fuel oil, gasoil and jet fuel and will have a total of 13 tanks ready for leasing when completed.

As a preliminary step, interested parties are requested to submit information regarding their current business operations and objectives for leasing tanks at the terminal. This information needs to be submitted by June 14th.

Organizations found meeting Emarat's requirements will then be invited to submit a formal proposal. Emarat did not ask for financial bids at this stage.

A link to the tender document has been provided below:

www.emarat.ae/Trading/TenderDoc/RFI_Final_Doc.pdf