Intrakat signs agreement with Ecomar Storage

Intrakat announced on Friday that it has signed an agreement with Ecomar Storage Solutions FZE, an affiliate company of Ecomar Energy Solutions located in Fujairah, United Arab Emirates, for the implementation of the Ecomar Phase 3 Terminal Project. 

The company operates in the sectors of processing and trading in oil and natural gas, as well as sustainable safe refining. 

The project, with a total budget of $382.73 million, concerns the construction of a new Oil Storage Terminal in the UAE, with a capacity of 1.3 million cubic meters. 

The construction of the terminal, which will significantly upgrade the strategic role of the region, is expected to start at the beginning of August and be concluded in a period of four years and in two phases. 

The terminal will include 34 new tanks that will be built in compliance with the latest international standards...