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Horizon gets Tangier deal
- United Arab Emirates: Saturday, May 27 - 2006 at 07:56
Morocco has awarded a consortium, headed up by UAE based Horizon Terminal Limited, a licence to develop and run an oil terminal at Tangier port, reported Reuters. The 25 year licence allows the consortium to invest $66.4m to build a storage facility with a capacity of 308,000 cubic metres. Horizon, which has a 34% stake, will run the facility once it opens.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, May 27 - 2006 at 07:56 UAE local time (GMT+4)
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