Shell Aviation signs Fuel Concession Agreement with Dubai Airports
Shell Aviation (SAV) has signed a Fuel Concession Agreement with Dubai Airports to operate as a fuel supplier at the new Dubai World Central-Al Maktoum International airport in Dubai, United Arab Emirates (UAE).
The agreement was signed by Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Airports and Richard Jory, Regional General Manager, Shell Aviation, Middle East, South and Central Asia, and Africa, on behalf of Shell Markets (Middle East) Limited. It will enable Shell Aviation to operate as one of the suppliers of fuel and refuelling services to airlines at Dubai World Central-Al Maktoum International, thus contributing to Dubai's future growth aspirations.
Dubai World Central-Al Maktoum International is targeted to become the world's largest airport in terms of volume and size upon completion, occupying an area of 140 square kilometres with a capacity of 160 million passengers and 12 million tonnes of cargo per year. Phase one of the airport, which opened for cargo operations on June 27, 2010, features a single A380 compatible runway, a passenger terminal with a capacity of 5 million passengers per year and a cargo terminal building with a capacity of 250,000 tonnes per year. Shell has been present in the UAE for 75 years and has supplied fuel to airlines at Dubai International for nearly 40 years. In May 2010, Shell Aviation was named the best aviation fuel provider at the first annual Emerging Markets Aviation Awards (EMAA) ceremony.
This new agreement for Dubai World Central-Al Maktoum International will see Shell Aviation grow its presence in the UAE while also expanding its international airport network in line with Shell Downstream's selective growth strategy. It follows other strategic entries this year at London City Airport in the United Kingdom and Roskilde Airport in Denmark. Shell-MRPL, Shell's marketing joint venture with Mangalore Refinery and Petrochemicals Limited in India, has also expanded its aviation fuel supply network this year from two airports (Bangalore and Hyderabad) to six airports in total with the addition of Jaipur, Ahmdebad, Chennai and Calicatt.
Commenting on the agreement for Dubai World Central-Al Maktoum International, Richard Jory from Shell Aviation said: "We are delighted to sign this concession agreement to operate at what is planned to be the world's largest passenger and cargo hub. This entry reinforces our commitment to selective growth and supports the airport's ambitious growth agenda. Shell brings all its world-class expertise, leading technology and global best practice to its operations at Dubai Airports and currently manages the Dubai International fuel farm on behalf of the industry. We aim to provide safe and excellent service quality to airlines at airports around the world and look forward to working with Dubai Airports to realise Dubai World Central-Al Maktoum International's full potential."
- A 'subtle' change: new Saudi King keeps tight grip on oil policy
- Murky oil: no clear vision on medium-term prices
- Less drilling: decline inevitable as oil prices likely to remain low
- Not so delusional after all? Saudi oil strategy beginning to 'pay off'
- North Dakota vs. Saudi Arabia: how far is the American shale boom going?