(EnergyAsia, May 23 2016, Monday) — Concord Energy, a Singapore-based energy trader and developer of oil infrastructure assets, said it is on course to construct and start up its second oil storage terminal in Fujairah by mid-2018. The Concord Oil Terminal will have the capacity to store up to 1.1 million cubic metres of crude and oil products to add to the Fujairah Oil Terminal’s (FOT) 1.2 million cubic metre capacity that was commissioned in early 2015.