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Jordan's UAE-funded $210m Petroleum Storage Facilities opened

The UAE's ADFD financed the petroleum development as part of its $1.25bn contribution to the Gulf Development Fund

ADFD funded the petroleum project in Jordan.
ADFD funded the petroleum project in Jordan.

A high-level delegation from Abu Dhabi Fund for Development (ADFD) attended the launch of the $210m (AED771m) Petroleum Storage Facilities project in Jordan that was fully funded by the UAE entity as part of its $1.25bn (AED4.6bn) contribution to the Gulf Development Fund, a $1.36bn (AED5bn) programme by GCC members to finance project development in Jordan.

The project has a capacity of 356,000 tonnes and included the construction of 22 storage facilities for light petroleum products such as liquefied petroleum gas and derivatives including diesel, gasoline, and jet-fuel.

Also developed as part of the project were a water treatment system, and loading and unloading areas for tanks.

The opening ceremony was inaugurated by Jordanian Prime Minister, HE Omar Razzazz, and ADFD's Director-General, HE Mohammed Saif Al Suwaidi.

Commenting on the project in a statement, Al Suwaidi said: “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."

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Mar 21, 2020