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ADNOC signs deal to build world's largest oil storage facility
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Abu Dhabi National Oil Company (ADNOC) has signed an agreement with SK Engineering and Construction of South Korea to build the world's largest crude oil storage facility in the emirate of Fujairah, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed said on Wednesday.
He added that the oil storage project will cost 4.4 billion dirhams (1.2 billion dollars) and will have a capacity of 42 million barrels.
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