(EnergyAsia, April 24 2012, Tuesday) — Dubai’s ENOC said its wholly-owned subsidiary, Horizon Terminals Ltd, will build a 141,000-cubic metre bulk oil terminal in the Jebel Ali Free Zone and a 60-km jet fuel pipeline linking it to the Dubai International Airport.
Horizon Terminals has awarded the engineering, procurement and construction contract to Indian construction firm Punj Lloyd Ltd, but did not disclose its value.
Apart from the tanks, Punj Lloyd will build and develop a tanker truck loading system connected to the tanker berths and support infrastructure. The proposed pipeline linking Jebel Ali Free Zone to the airport will include a branch line at the new Dubai World Central (DWC) airport for future expansion.
Speaking at the contract signing ceremony, Saeed Abdullah Khoory, ENOC’s CEO, described it as a “strategic project” that will boost the Dubai economy while meeting the company’s long-term investment objectives.
Ravindra Kansal, President and CEO of Punj Lloyd for the Middle East, Africa & CIS, said:
“The Middle East is a very important market for us. Our strong focus on the region, complemented by our proven track record in the EPC domain has created a niche for Punj Lloyd in the region. With this contract win, we further our commitment and focus on the UAE.”
Established in 1993 as a wholly-owned company of the Dubai government, ENOC aims to promote the interests of its shareholders through investment in the oil and gas sector.