Fujairah Oil Terminals (FOT) is a world class 1.177 million cubic meter onshore oil storage facility based in the rapidly developing port of Fujairah, which is located in the United Arab Emirates outside the Straits of Hormuz on the Indian Ocean. FOT is an independent third party storage and owned by a group of shareholders including the government of Fujairah. FOT will store crude oil, fuel oil, gasoil and gasoline. The storage facility will meet international standards, complying with the equator principles for financing and will attract independent major and national oil companies to lease and utilise the facilities on a long-term sustainable basis.