The launch of the new USD 650 million facility in the eastern city of Fujairah today will make it easier for hulking tanker ships known as "very large crude carriers" to load their cargo rather than have it ferried to them out at sea.
Docking at Fujairah's Indian Ocean-facing port means the tankers will not have to sail through and back out the narrow Strait of Hormuz at the mouth of the Gulf.
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