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Growth Potential |
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| GROWTH POTENTIAL |
In order to meet the growing demand of HFO and Diesel imports in the country and the additional crude oil handling requirements of the upcoming refineries in the area, FOTCO is planning to construct a new Terminal (QP-2). Upon completion the Terminal will be able to handle 9 million tons oil per annum, doubling the existing handling capacity to 18 million tons per annum. Additionally 77 acres of land earmarked for Buffer Tank Farm is also available with the company which will be utilized for providing storage facilities for the petroleum products handled and unloaded at FOTCO Terminal.
FOTCO Terminal was designed as a futuristic oil handling facility for catering to the expected increase in the country's oil handling requirements in the years to come. Sufficient space is available at FOTCO to build two additional Terminals for oil and one Terminal for handling of LNG/LPG. The major part of current and future Crude/POL import/export requirement of the country can be handled at FOTCO with the full utilization of the existing facility and the timely realization of the planned expansion.
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FOTCO Board gives go ahead for the construction of new Jetty (QP-2) at its existing Terminal on fast track basis. 
