Abu Dhabi Commercial Bank has signed a $40 million (Dirham 147 million) project finance deal with Horizon Djibouti Terminals Ltd SAZF. The loan will be used to build a bulk liquid storage terminalling facility at Doraleh village, 10 km from Djibouti Port. Horizon Djibouti Terminals Ltd SAFZ is promoted and managed by Horizon Terminals Ltd, which belongs to ENOC. On completion, the facility will provide capacity for 230,600 cbm of petroleum products, 7,700 cbm for easy chemicals and vegetables oils, and LPG.

Contact: ENOC Singapore­ India Rep. Office, Mumbai. Tel: 22-56374740; Fax: 22-56376742