Dubai, 4 April 2006, Vopak Horizon Fujairah Ltd. is to expand the oil terminal’s capacity by 360,000 cbm of new tankage and two new berths. Following this expansion the oil terminal will have a total capacity of 1.5 million cbm, six berths, and a single-point mooring system capable of handling vessels up to 175,000 d.w.t.

This expansion in the berths and tankage will enable Vopak Horizon Fujairah to further improve its hub-function in the Middle East for black and clean mineral-oil products.

Hussain M. Sultan, Group Executive and Board Member of the Enoc Group, explained: ‘The economy of the United Arab Emirates is growing at a tremendous rate and many investments are being made in facilities such as refineries. Fujairah’s location, just outside the Gulf, is ideal. This new expansion of Vopak Horizon Fujairah is the 5th phase. We have grown ever since we began operations in 1998, and I expect our growth to continue; in fact, we are already planning the 6thphase of our expansion.’

Rob Nijst, Division President Vopak Oil Europe, Middle East & Africa, stated:’ We are very pleased that we and our valued joint venture partners are able to further expand our services to our clients in the Middle East. Fujairah has grown into one of the world’s main bunker markets. Following this expansion Vopak Horizon Fujairah will be able to offer even more safe and reliable onshore storage facilities to our clients - not only for the fuel oil market, but also for clean products such as gasoline.’

Technical details of the expansion

• 8 new tanks with a total capacity of 360,000 cbm
• capacity of tanks ranging from 30,000 to 60,000 cbm
• 1 new berth for vessels up to 110,000 dwt
• 1 new berth for vessels up to 60,000 dwt
• 2 loading arms, 12’, for white products
• 2 loading arms, 16’, for black products

The expansion is planned to become operational in Q3 2007.

For more information:
Aernout Boot
Managing Director Vopak Horizon Fujairah
Tel. +971 9 228 1800
Aernout.Boot@vopak.com

Profile Vopak of Horizon Fujairah
Vopak Horizon Fujairah is a joint venture between the ENOC Group, Koninklijke Vopak NV (Royal Vopak, the Netherlands), the Government of Fujairah, Kuwait's Independent Petroleum Group and the Vitol Group. Vopak Horizon Fujairah operates the first independent onshore oil terminal outside the Arabian Gulf, in the Emirate of Fujairah - the world's second-largest bunkering center. Vopak Horizon Fujairah, which has been awarded ISO-9002 certification, is designed to handle products including naphtha, gasoline, gas oil, jet fuel, kerosene, condensate, methanol, methyl tertiary butyl ether, fuel oil, and crude oil. The terminal can accept tankers of up to 175,000 d.w.t. Vopak Horizon Fujairah, designed to state-of the-art specifications, complies with the most stringent safety and environmental standards.