Adnoc invests $245m to upgrade oil lines, Jebel Dhanna terminal 39 minutes ago The new contract is expected to be completed in 20 months. ABU DHABI: Adnoc 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 (Dhs899.9 million) and were awarded to China Petroleum Pipeline Engineering Company Limited - Abu Dhabi and Abu Dhabi-based Target Engineering Construction Co. Over 50 per cent 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 prioritize ICV ...read more...
SectorOil & Gas
CountryUnited Arab Emirates