A $210 million petroleum storage terminal financed by the Abu Dhabi Fund for Development has been officially opened.
With a holding capacity of 356,000 tonnes, the project includes the construction of 22 storage facilities for light petroleum products including LPG as well as petroleum derivatives including diesel, gasoline and jet fuel. The terminal is also fitted-out with loading and unloading areas for tanks as well as a water treatment system.
The funding for the project was made as part of the UAE government's contribution of $1.25 billion in 2013 to the Gulf Development Fund – a AED5 billion programme between the GCC member countries to finance development projects in Jordan.
His Excellency Mohammed Saif Al Suwaidi, director general of ADFD, says: 'The UAE and Jordan enjoy historic bilateral relations. The UAE leadership is committed to providing all forms of support to Jordan towards achieving comprehensive development in the country.
The petroleum storage facilities project in Jordan has important economic development benefits. Apart from upgrading the oil sector infrastructure, it is designed to help the Jordanian government address challenges in achieving energy self-sufficiency and securing strategic reserves of petroleum derivatives.'
Her Excellency Hala Zawati, the Jordanian minister of energy and mineral resources, highlighted the importance of the petroleum storage facilities project, noting its storage capacity in ensuring the supply and security of oil derivatives. She added that the petroleum storage facilities project provides storage units to maintain a reserve of petroleum products sufficient for 60 days of domestic consumption across Jordan. The project will enhance Jordan's oil security and infrastructure.
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