ADNOC invests AED 750m in Abu Dhabi airport

Abu Dhabi – Mubasher: ADNOC Distribution is investing AED 750 million in a fuel depot located at the new Midfield Terminal of Abu Dhabi International Airport, WAM news agency quoted the company’s acting CEO Saeed Mubarak Al Rashdi as saying.

ADNOC produces 14 million tonnes of jet fuel annually to meet an expected rise in demand from Etihad Airways and its associated airlines, Al Rashdi added.

The company achieved an 18% growth in its aviation business in 2014 and 2015.

ADNOC allocated over AED 1.5 billion for expansion and enhancement of service stations and fuel depots, according to sources.

Mubasher Contribution Time: 12-Apr-2017 08:00 (GMT)
Mubasher Last Update Time: 12-Apr-2017 08:30 (GMT)