ADNOC invests $245 million to upgrade main oil lines and Jebel Dhanna Terminal

SourceArabian Industry
SectorOil & Gas
CountryUnited Arab Emirates

ADNOC Onshore, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced today, 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 (AED 899.9 million) and were awarded to China Petroleum Pipeline Engineering Company Limited – Abu Dhabi and Abu Dhabi-based Target Engineering Construction Co. L.L.C.Over 50% of the total award value will flow back into the UAE’s economy under ADNOC’s In-Country Value (ICV) program, underscoring ADNOC’s drive to prioritize ICV as it invests responsibly and pursues smart growth to maximize value from its assets and deliver sustainable more...