Authorities said at least 254 people have died and 65 missing in landslides, floods and lightning strikes since mid-June when the annual monsoon rains started
asia13 hours ago
The project is a joint venture of Horizon Terminals Limited, a wholly-owned subsidiary of ENOC, and Korea’s Taeyoung Industries.
In a bid to increase the terminalling business in the port of Ulsan, Horizon Terminals acquired 50 per cent shares in a terminal company owned by Taeyoung Industries in 2006, to form Horizon Taeyoung Korea Terminals Limited.
“The project will open new doors for us in the development of the petrochemical storage business in the region. Ulsan is a strategic location, and we are keen to play a role in the economic dynamic of the country,” said Saeed Abdullah Khoory, ENOC Group Chief Executive Officer.
While the Middle East region remains ENOC’s primary geographic footprint, the group has also been exploring global growth opportunities and partnerships in recent years. Northeast Asia is a key market for ENOC, and Korea — and Ulsan in particular — has served as a key centre for independent petrochemical storage business.
The terminal has excellent pipeline connectivity to the Ulsan Petrochemical Industrial Complex as well as other plants with over 20 separate pipelines.
“Our strategic alliance with Taeyoung Group has proved beneficial in increasing our terminalling business in the port of Ulsan,” Khoory added.
“With the completion of the terminal, we are now capable of providing several additional services such as storage and handling, drum packing including container loading, real time access via internet for inventory control, easy and cost efficient utility access, and capability to communicate in five languages,” said Yusr Sultan, Chief Executive of Horizon Terminals.
With the completion of the project, the terminal’s capacity has increased from 99,100 cubic metres to 231,000 cubic metres with a dedicated 30,000 DWT jetty to meet the growing volumes.
Authorities said at least 254 people have died and 65 missing in landslides, floods and lightning strikes since mid-June when the annual monsoon rains started
asia13 hours ago
The Bollywood awards night will see one of the most celebrated actors in the world taking the stage after several years
entertainment13 hours ago
In an interview ahead of his much-awaited IIFA performance, the Bollywood star talks about embracing fatherhood, his craft and more
entertainment14 hours ago
The actor, who recently dropped the single 'Ittefaq', shared the stage with 'Challeya' singer Shilpa Rao
entertainment14 hours ago
Fame is a double-sided coin, she explains
entertainment14 hours ago
The mission has supported more than 4,000 service seekers as part of this initiative
visa and immigration in uae15 hours ago
Experts recommended exploring the idea of further reducing working hours to see if it brings even more benefits
jobs15 hours ago
Bollywood celebrities have gathered in Abu Dhabi for the grand award show
entertainment15 hours ago