The bond, issued by Adcop
, an entity 100 per cent owned by the Adnoc Group, highlights the more proactive and flexible management of Adnoc's portfolio of assets and capital structure.
ADNOC is a controlling shareholder of ADCOP
(100%) and ADNOC Onshore (60%), and in case of non-payment under the U&O agreement, has to make a termination payment to cover the outstanding bonds.
Rosario had 20 while San Jose had 30, according to the data gathered by ADCOP
, a fast-tracked project, also has involved the building of storage facilities for crude oil exports at Fujairah.
following completion of the Abu Dhabi Crude Oil Pipeline (ADCOP
The Abu Dhabi Crude Oil Pipeline, known as Adcop
, at Fujairah port.
The Abu Dhabi Crude Oil Pipeline, ADCOP
- An Archaeological Baseline Study of the sections in the Emirates of Sharjah, Ra's alKhaimah and Fujairah.
Oil transfer pipes and storage silos which form part of the Abu Dhabi Crude Oil Pipeline, known as Adcop
, are seen at Fujairah port (file).
The Abu Dhabi Crude Oil Pipeline, or ADCOP
, has a capacity of 1.5 million barrels a day.
Officially entitled AaeThe Abu Dhabi Crude Oil PipelineAAE (ADCOP
), the project has been devised by state-owned Abu Dhabi National Oil Company as measure to
Abu Dhabi has been building its giant cross-coutnry Crude Oil Pipeline Project (ADCOP
) in order to bypass the sensitve Straits for the past three years.
The Abu Dhabi Crude Oil Pipeline (ADCOP
) project, a 480-km pipeline with a capacity of up to 2.5 million barrels per day (bpd) will allow the UAE, one of the world's top five exporters, to boost exports from its Fujairah terminal outside the Straits and on the Gulf of Oman, four industry sources told Reuters.