ENOC-controlled Horizon Terminals has obtained a US$40 million loan to build its oil storage terminal in Djibouti from Abu Dhabi’s financial institution ADCB. The US$58 million terminal in Doraleh village is located about 10 km from Djibouti port on the Red Sea. Horizon Djibouti Terminals Limited, the operating company, aims to turn Djibouti into…
ABU DHABI: Horizon obtains US$40 million for Djibouti storage terminals
Posted on November 12, 2004 by EnergyAsia