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Swiss based commodity trading house Aurora Progress S.A. has announced today the start of civil works on a 635,000 m3 oil products storage terminal at the Port of Fujairah, following the signing of definitive agreements with the Municipality of Fujairah and the Port of Fujairah.

The facility, named Aurora Fujairah Terminal, will have a total capacity of 644,000 cubic meters and will be used for the storage, blending, and resupply of fuel oils, gasolines, naphthas and middle distillates (diesel, gasoil & jet kerosene).

Aurora said it will be an independent terminal operator offering storage capacity to third parties.

Aurora's Trading Director Ammar Kutait commented: "There is a lot of demand for storage in the region and with our new state of the art terminal and flexible berthing facilities in the port we can offer our customers a first rate service in this growth market."

The Port of Fujairah is commissioning this year a new multi berth facility for the receipt and loading of oil tankers. Aurora said it will be one of the first to make use of this new vessel handling capacity at the Middle East energy hub.

Kutait added: "We are delighted to have commenced the initial works. We expect to have the first phase of the terminal operational in early 2011".

Aurora Progress S.A. is a privately owned Swiss based company with the trade, supply, transport and storage of refined petroleum products as its core activities.

The group's roots go back to 1978 when Petrotex S.A. was first established. After acquiring Petrotex S.A and its subsidiaries, Aurora Progress continued to expand, becoming a global trading company.

Today the Group's main trading arm Aurora Petroleum Trading & Supply S.A. is involved in the trading & supplying of petroleum products and the supply of marine fuel in ports around the world.