ADNOC revives expansion of Fujairah underground oil storage facility

[Attaqa] Abu Dhabi National Oil Company (ADNOC) is moving ahead with plans to expand its underground crude oil storage facility in Fujairah, according to Attaqa, as efforts to secure reliable supplies intensify amid continuing geopolitical tensions. The project to expand what Attaqa describes as the world's largest underground oil storage facility has returned to the fore. The report did not disclose the scale of the expansion, the investment amount or a timeline.