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

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

ADNOC Onshore, a subsidiary of ADNOC, 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 $245mn and were awarded to China Petroleum Pipeline Engineering Company Limited - Abu Dhabi and Abu Dhabi-based Target Engineering Construction.Over 50% 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 the United Arab Emirates (UAE).Yaser Saeed Almazrouei, executive director of ADNOC's