The construction of 60 kilometers jet fuel pipeline in Dubai has received a boost following the securing of USD 100 million loan by Emirates National Oil Company.
According to a statement released by the company, the pipeline will be the second such line to be built from the new bulk liquid petroleum terminal in the Jebel Ali Free Zone to Dubai International Airport and its associated storage tank farm with 141,000 cubic meter of capacity.
Horizon Terminals Limited which is the wholly owned subsidiary of Emirates National Oil Company focused on terminalling operations signed the 10 year Islamic term financing facility with Standard Chartered Bank, Emirates NBD and Noor Islamic Bank.
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