Fujairah Oil Industry Zone

Name

Fujairah Oil Industry Zone

Legal name

Fujairah Oil Industry Zone

Website

https://foiz.gov.ae

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Fujairah Oil Industry Zone (FOIZ) is a UAE government regulatory authority and infrastructure provider, established in 2011 under Law No. 4 of 2011, that operates a 12.8 million square meter hydrocarbon industrial zone adjoining the Port of Fujairah, hosting 18 oil terminals, 366 storage tanks, and 70 million barrels of storage capacity for major international and national oil companies.

Ownership category

akta.pro rank

Product category

Industrial Zone Operations

NAICS

Petroleum Bulk Stations and Terminals (424710), Pipeline Transportation of Refined Petroleum Products (486910), Pipeline Transportation of Crude Oil (486110)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Oil & Gas Field Services, Nec (1389), Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

Refined Products Terminals (Gasoline, Diesel, Jet, Heating Oil) (EUALAEAB)

akta.pro secondary industries

Crude Oil & Condensate Terminals (Tank Farms, Marine/Truck/Rail Loading) (EUALAEAA), Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces) (EUALAEAG), Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH), Crude Oil Tank Farms & Terminals (TLAGAKAA)

Keywords

• Oil storage facilities
• Hydrocarbon regulation
• Industrial zone management
• Energy infrastructure
• Oil terminal operations

Headquarters

HQ city

Fujairah

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Regulatory Services and Approvals: FOIZ manages approvals, licenses, and regulates transactions for companies operating in the zone, collecting fees for regulatory services.
2. Real Estate Leasing: Leasing of lands and real estate within the zone to oil and gas companies for infrastructure development and operations.
3. Infrastructure and Administrative Services: Providing essential infrastructure, buildings, and administrative services to stakeholders operating in the zone for a fee.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Fujairah Oil Industry Zone (FOIZ) is a government regulatory authority and industrial zone operator providing oil storage and terminal infrastructure, hydrocarbon industry regulation and licensing, energy market data services via FEDCom in partnership with S&P Global Platts, and emergency response services for oil and gas companies operating within its 12.8 million square meter zone in Fujairah, UAE. It currently hosts 18 oil terminals with 366 storage tanks and approximately 70 million barrels of commercial storage capacity, the largest in the Middle East for refined oil products.

Product overview

Fujairah Oil Industry Zone (FOIZ) is a regulatory authority and industrial zone operator providing a comprehensive suite of services for the oil and gas industry. The core offerings include: (1) Oil Storage Facilities with 70 million barrel capacity across 18 terminals, (2) FEDCom data services providing weekly oil inventory data via blockchain-powered platform with S&P Global Platts, (3) Emergency Response Center (ERC) for industrial safety, (4) Infrastructure and regulatory services for zone operations, and (5) industry event organization. FOIZ functions as both a regulatory body and infrastructure provider, enabling oil trading and storage operations in the Middle East's largest commercial oil storage hub.

Differentiator

Problem solved

Functional benefit

Brands

• FEDCom: Fujairah Energy Data Committee - Established under the aegis of FOIZ, in partnership with S&P Global Platts, publishes weekly inventory levels of various oil terminals for market transparency.
• FOIZ ERC

Products and services

• Oil Storage Facilities Vast oil storage facilities for refined oil products with current capacity of approximately 70 million barrels across 18 oil terminals and 366 storage tanks, leased to major national and international oil companies operating in the FOIZ zone in Fujairah, UAE.
• FEDCom (Fujairah Energy Data Committee) Weekly publication of oil inventory levels (light, middle, heavy distillates and residues) and bunker sales data for oil terminals within FOIZ, in partnership with S&P Global Platts using blockchain technology for secure data submission by market participants.
• Emergency Response Center (ERC) State-of-the-art industrial emergency response facility providing emergency preparedness and response services for the oil and gas companies operating in the FOIZ zone, operated under a triparty contract with Jaheziya and ADNOC.
• Regulatory and Licensing Services Management of approvals, licenses, and regulation of transactions for companies, establishments, and authorities operating within the FOIZ zone, provided to oil and gas operators under FOIZ's statutory mandate under Law No. 4 of 2011.
• Infrastructure and Administrative Services Essential infrastructure, buildings, administrative services, and real estate leasing within the FOIZ zone provided to companies operating in the oil and gas sector.

Quantifiable outcome

• 70 million barrels storage capacity
• +4 more outcomes

Named customers13 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered major and core.

• Bluetec CompanymajorStrategic or Co-development Partner · 18 July 2023Contract signed to build a plant for treating and recycling waste oils. Project aligns with UAE and Fujairah vision to protect environment, reduce pollution and emissions by promoting circular economy using environmentally friendly disposal practices.
• S&P Global PlattscoreTechnology or Integration · 1 January 2017FEDCom, established under the aegis of FOIZ, entered into an agreement with S&P Global Platts to publish weekly inventory levels of various terminals. From February 2018, they deployed a blockchain network for secure weekly inventory oil storage data submission - a first for oil markets.
• JaheziyacoreStrategic or Co-development PartnerTriparty contract between FOIZ, Jaheziya, and ADNOC to establish the Emergency Response Center (ERC). Partnership ensures optimum utilization of assets and experience for effective and sustainable emergency response.
• ADNOC (Abu Dhabi National Oil Company)coreStrategic or Co-development PartnerPartnership in triparty ERC contract with FOIZ and Jaheziya. ADNOC is also a tenant operating within FOIZ zone with world's 12th largest oil production capacity exceeding 4 million b/d.
• Fujairah Environment Authority (FEA)majorStrategic or Co-development PartnerCollaboration on waste oil treatment and recycling project presented at COP28 to protect environment, reduce pollution and emissions by promoting circular economy.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• ENOC (Emirates National Oil Company): UAE-major integrated energy company that owns Horizon Terminals and operates marketing/distribution within FOIZ; comparable UAE-based player with overlapping interests in storage, terminalling, and downstream oil marketing.
• ADNOC: UAE's national oil company with ~4M b/d production capacity; a major FOIZ tenant and triparty ERC partner, providing the largest customer counterparty and a natural incumbent in the same value chain.

Direct peers

• VTTI: Leading independent tank storage player (now backed by IFM and Vitol) with ~10M m3 of global capacity; operates VTTI Fujairah as a tenant inside FOIZ, with directly comparable refined-product storage economics.
• Horizon Terminals (ENOC Group): ENOC Group's bulk liquid terminalling subsidiary, operating Horizon Fujairah as a tenant in FOIZ; comparable UAE-based storage operator with similar terminalling and trading-support focus.
• Royal Vopak: World's largest independent tank storage company, operating 36M+ m3 of storage globally; runs Vopak Horizon Fujairah as a tenant inside FOIZ, making it the most directly comparable independent storage operator.
• ECOMAR Energy Solutions: A FOIZ-tenant operator running a high-capacity modular refinery (with 400,000 m3 of storage) inside the zone; directly comparable as an oil processing and storage operator on FOIZ's platform.
• Port of Fujairah: Adjacent deep-water port that FOIZ flanks and is tightly integrated with; the two together form a single maritime–storage–trading complex, making the port the closest infrastructural counterpart to FOIZ's operations.
• BPGIC: Independent bulk liquid storage operator with strategically located Fujairah terminal inside FOIZ; comparable business model focused on technological, low-loss bulk liquid storage and trading-support infrastructure.

Regional players

• Port of Rotterdam: Europe's largest oil and chemical hub with extensive tank storage capacity; comparable role as a global liquid bulk trading and storage gateway, though serving a different (European) trade lane.
• PSA Singapore (Jurong Island terminals): Operator of Singapore's Jurong Island, Asia's principal competing refined-product and petrochemical storage hub; comparable function of providing bulk liquid storage and bunker fuel infrastructure at a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/foiz_uae
• YouTubem.youtube.com/@FOIZ2011
• Facebookfacebook.com/foiz.fuj.uae
• LinkedInlinkedin.com/company/foiz
• Instagraminstagram.com/foiz.uae

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fujairah Oil Industry Zone