Adnoc awards $245m contracts to upgrade main oil lines, terminal

Adnoc awards $245m contracts to upgrade main oil lines, terminal

Abu Dhabi / WAMAdnoc Onshore, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), on Wednesday announced the award of two Engineering, Procurement, and Construction (EPC) contracts to upgrade two Main Oil Lines (MOLs) and crude receiving facilities at the Jebel Dhanna terminal in the emirate of Abu Dhabi. The EPC contracts have a combined value of around $245 million (AED899.9 million) and were awarded to China Petroleum Pipeline Engineering Company Limited - Abu Dhabi and Abu Dhabi-based Target Engineering Construction Co. LLC. Over 50 percent of the total award value will flow back into the UAE's economy under Adnoc's In-Country Value (ICV) programme, underscoring Adnoc's drive to prioritise ICV as it invests responsibly and pursues smart growth to maximise value from its assets and deliver sustainable returns to