Abu Dhabi, Malaysia ink $7bn oil storage deal
- United Arab Emirates: Wednesday, March 13 - 2013 at 02:33
The government of Abu Dhabi has signed an agreement worth an estimated $6.75bn for a petroleum storage facility in Malaysia, Reuters has reported. The facility for up to 60 million barrels of crude oil will be located in Tanjung Piai in Johor state, Malaysia's prime minister Najib Razak said at the signing ceremony with Abu Dhabi crown prince General Sheikh Mohamed Bin Zayed Al Nahyan.
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