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(Reuters) -- Global marine fuel
supplier Chemoil Energy Ltd. expects to complete the seven-fold expansion of its
Fujairah storage terminal by the third quarter of next year, the company's chief
executive said on Monday.
The joint venture storage terminal with Gulf Petrol Supplies LLC at the
United Arab Emirates port of Fujairah will grow to 675.000 cubic meters from
90.000 cubic meters, Thomas Reilly said at the Reuters Global Energy and Climate
Summit.
Chemoil is targeting to increase bunker volume sales in 2011 to 23-24
million tonnes from around 15.5 million tonnes a year earlier.
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