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DJIBOUTI: PRESIDENT OFFICIALLY OPENS NEW DP WORLD OIL TERMINAL FACILITY February 27, 2006
Apunyu Bonny
(SomaliNet) Djibouti, President His Excellency Ismail Omar Guelleh today Monday officially opened a new state-of-the-art DP World-managed oil terminal facility in Djibouti.
This kicked off with a ceremony culminating in a reception on board the US Navy vessel USS Vicksburg for local and international dignitaries, including the US Ambassador, Marguerita D. Ragsdale and Vice Admiral Patrick Walsh. United Arab Emirates reported Monday 27.
At least US$30 million in the US$100 million Doraleh Oil Terminal project has been invested by Global terminal operator DP World and is contracted by the Djibouti Government to manage the 240,000 metric tonne facility overall, working closely with oil companies Shell, Mobil and Total, commercial and non-commercial customers including the US and French navies and manager of the oil terminal facility Horizon Terminals.
The Construction of the causeway for the terminal began in February 2004, with the infrastructure largely completed in 2005. The terminal has been adding capabilities in the management of the full range of liquid fuels since then, culminating in the completion of the bunkering facility officially opened today that can handle two large vessels simultaneously.
Sultan Ahmed Bin Sulayem, the DP World Chairman said during a ceremony that the original plans for the oil terminal were for just half the current capacity. "The expansion was accelerated by the United States Navy who have been key drivers of the project and close partners with DP World and the Djibouti Government, along with the oil companies."
"We invest for the long term," Mr Bin Sulayem said, while Commenting on DP World's involvement
"working in partnership with our customers to meet their needs today and tomorrowâ€. he said, Djibouti is an excellent example of that approach. Mr. Bin Sulayem pointed out that DP World was the largest contributor to Djibouti's economy.
"We have invested extensively outside the port, including in the freezone, the airport and in roads to facilitate the movement of fuel and goods. Dubai itself is also investing in other business in Djibouti including construction of a five star hotel and resort, recognising its potential as a tourist destination." He said.
Mr. Bin Sulayem added that security was vitally important in Djibouti and something the company was strongly focused on, working closely with customers such as the navy as well as the oil companies