IPTF is a state of the art Independent Oil Storage Terminal situated in heart of the emirate of Fujairah.
The terminal is equipped to handle a wide range of petroleum products of different grades in Phase I with a capacity of 333,484 CBM , is successfully operational since April 2015.
The terminal has embarked upon further capacity expansion (Phase II), the construction of which shall commence shortly.
The Overall capacity of the Terminal will be more than 780,000 CBM after Phase II.
IL&FS Prime Terminals FZC, Fujairah (IPTF) has been developed by IL&FS Maritime (IMICL) along with local partners in Fujairah as a natural extension to the Group’s Maritime platform
IMICL, which is a fully owned IL&FS Group company has been setup with an objective to build a valuable and diversified maritime asset portfolio, services and strategic alliances leveraging on existing group strengths.
Being an IL&FS Group Company, IMICL not only has access to the diversified resource pool of IL&FS including access to funds but also to in-house capabilities developed by the IL&FS Group across various disciplines.
IMICL intends to agglomerate assets in the capacity of Sponsor, Promoter and Developer in maritime infrastructure projects through:
Some recent projects by IMICL:
After Singapore, the largest bunkering hub in the world is a little port called Fujairah. One of the UAE’s smallest emirates, it is not much more than a narrow strip of mountains and rock. Occupying less than two percent of the country’s area, with neither the oil reserves of Abu Dhabi nor the dazzle of Dubai, it hardly shakes up the map.
But zoom out, and you see what makes Fujairah unique — it is the only emirate to have a coastline solely on the Gulf of Oman and none on the politically charged Persian Gulf.
On one side Fujairah is flanked by the world’s most important oil shipping choke point, while on the other, the Indian Ocean offers direct access to the markets of Asia and Africa
Fujairah also lies next to the Strait of Hormuz, which connects the two gulfs. 18 million barrels of oil make their perilous passage through this strait each day — that is one third of the world’s tanker-borne crude. The port of Fujairah is thus flanked on one side by the world’s most important oil shipping choke point, while on the other, the expanse of the Indian Ocean offers direct access to the markets of Asia and Africa.
It is no surprise then that it is the third largest petroleum storage and trading centre in the world. When IL&FS Maritime was looking to extend its pioneering standards internationally, the strategic significance of the port of Fujairah was obvious.
Bold vision, new territory
The year was 2013. As Iran’s blockage threats loomed over the Hormuz strait, Fujairah, lying completely outside the strait, offered safe bypass. Abu Dhabi — UAE’s largest oil producer — had just completed a $3.3 billion, 400 km long pipeline to Fujairah to avoid its oil export having to traverse the strait.
Several tank terminals existed here already but most of them were privately owned by individual traders, making new traders understandably hesitant to store their product there. IL&FS saw the opportunity here to provide high quality tank terminal services as a non-aligned merchant facility.
With IL&FS Prime Terminals FZC (IPTF), the company was entering new territory, a project of unprecedented magnitude on foreign soil. IL&FS had no prior experience of working in the region, nor in the sector. Getting a foothold in a completely new environment and making a place in the ecosystem of Fujairah was never going to be easy. However, a compelling analysis of the opportunity backed by the Group’s implementation capabilities gave it the confidence to undertake the project.
Winters in Fujairah bring unpredictable rain as the easterly winds from across the Indian Ocean hit the mountains. The construction team had to combat water logging on the site and manage the ‘wadis’ and waterfalls before they could begin work. Without treatment, the ground would have been unstable and extremely dangerous for people to work on, let alone building huge petrochemical terminals. Appropriate soil stabilization therefore had to be done before any construction could start.
Anchoring vision with cross-disciplinary expertise
The IL&FS Group’s personnel make up its secret sauce. Having implemented several complex infrastructure projects leveraging strengths from various parts of the Group, they have developed valuable cross-disciplinary expertise.
Setting new terminal standards
Unlike other terminals in the region, IPTF harnessed solar power for internal use to become the first and only green terminal in Fujairah. It was also the first terminal to afforest the slopes of the barren hills around.
From a business point of view, IPTF is not just a storage terminal. It offers possibilities for circulating, blending and heating the crude, and thus allows customers to bring in small cargo and take out bigger processed cargo for export to Asia or Europe.
IPTF’s meticulously sized tanks suit perfectly for quick turnarounds. With the strictest standards put in place at the start, and a highly qualified team to run the terminal, IPTF became the ‘Numero Uno’ terminal in fujairah in customer’s choice in no time.
Exceptional security, total efficiency
The terminal offers complete security for the stored cargo with a zero-loss facility. A state-of-the-art software system allows customers to monitor details of their stored cargo.
Though one of the smallest in Fujairah, its quality of infrastructure and the exceptional standards of safety and service set IPTF apart. Today it ranks among Fujairah’s top terminals as the fastest, safest and best equipped. At the end of the day, IPTF re-affirms the IL&FS philosophy that dedicated team empowered by institutional support, and backed by comprehensive and integrated planning, keep consistently delivering superior outcomes to set new standards for world class standards.