The new project to have 141,000 cubic metres storage capacity

Contract awarded to Punj Lloyd Ltd, an India based construction conglomerate

Dubai, UAE; April 16, 2012: Horizon Terminals Ltd, an Emirates National Oil Company (ENOC) subsidiary, has awarded a contract to Punj Lloyd Ltd, an India-based construction conglomerate.  The deal covers the engineering, procurement and construction of a bulk oil terminal inside the Jebel Ali Free Zone along with a 60 kilometre jet fuel pipeline to the Dubai International Airport.

Previously referred to as 'Project Falcon,' it will have state of the art oil terminal facilities with storage tanks capacity of 141,000 cubic metres, including a Tanker Truck Loading system connected to the oil tanker berths and associated facilities. The oil terminal will handle a jet fuel system initially and other petroleum products at later stages. The proposed 60 km pipeline running from the Jebel Ali Free Zone to the Dubai International Airport will have a branch off point at the new Dubai World Central (DWC) airport for future expansion.

Speaking at the contract signing function held recently, Saeed Abdullah Khoory, Chief Executive Officer of ENOC, said that the strategic project aims to further support the economic development of Dubai and the recently awarded terminal project in Fujairah. He said the project is in line with ENOC's long term investment strategy.

Mr Ravindra Kansal, President and CEO of Punj Lloyd, 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." 

The event was also attended by Yusr Sultan, Managing Director-Terminals, ENOC; Sina Khoory, Executive Director-Shared Services, ENOC; Abdul Salam Al Hammadi, Director, ENOC Procurement & Contracts; Ashraf Al Hashemi, Director- Engineeringg & Project Management, ENOC; and Nishchal Agrawal, Senior General Manager, Business Development of Punj Lloyd Ltd., UAE.

While thanking the teams involved in concluding the contract award of this fast-track project, Al Hammadi said that competitive tendering in a fair and transparent manner was ensured throughout and ENOC leverages the best market pricing in the global scenario.

-Ends- 

About ENOC:
Established in 1993 as a wholly-owned company of the Government of Dubai, ENOC aims to promote the interests of its shareholders through the development of further downstream and upstream activities in the oil and gas sector and beyond, and to encourage the economic diversification of Dubai and the rest of the UAE.

ENOC's vision is to be a leading regional integrated oil & gas group that is highly profitable and socially responsible towards employees, the community and environment. Driving this vision, ENOC is committed to achieving sustainable development and highly profitable growth and serving the growing energy needs of Dubai.

ENOC strives to attract, develop and retain top talent to become the employer of choice, while adopting latest technologies and implementing best practices to achieve world-class performance. ENOC is also focused on meeting and exceeding customer expectations in terms of quality and service, and in maintaining high industry standards with respect to environment, health and safety.

ENOC actively participates in an increasingly broad range of business ventures. Its joint ventures with major international companies allow partners to pool their technology, know-how and expertise along with their resources to further their commercial success.

Since its inception, ENOC has been guided by its philosophy of quality and professional management based on modern business concepts for commercial success and sustainable growth. Today it is poised to engineer a new and challenging period of growth and diversity.

For further information, please contact:
Mohammed Al Tawil / Sheila Baldago
ASDA'A Burson-Marsteller; +9714 4507 600
m.altawil@asdaa.com  / s.baldago@asdaa.com

© Press Release 2012