UAE's ADNOC taps Korea's SK E&C to build world's largest oil storage facility

Dubai, (Reuters) - Abu Dhabi Crown Prince Mohammed bin Zayed al-Nahyan said in a tweet on Wednesday that state oil firm ADNOC had signed an agreement with South Korea’s SK E&C to build the world’s largest crude oil storage facility in the emirate of Fujairah.

The storage project will cost 4.4 billion UAE dirhams ($1.2 billion) and have a capacity of 42 million barrels, he said.

From the Archive

Comments

Comments

{{ error }}

Add Comment

{{ comment.name }} Editor • {{ comment.dateCreated | date:'short' }}

{{ comment.text }}