Enoc subsidiary Horizon Terminals agrees 10-year facility with local and international banks
Emirates National Oil Company (Enoc) subsidiary, Horizon Terminals, has secured $100m to finance its jet fuel pipeline project in Dubai, UAE.
The 60-kilometre pipeline project will link the new bulk liquid petroleum terminal in Jebel Ali Free Zone with Dubai International airport, and includes airport oil terminal facilities with a storage capacity of 141,000 cubic metres.
India-based Punj Lloyd won the engineering, procurement and construction (EPC) contract for the project earlier this year.
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