Horizon Terminals Limited (HTL), a wholly owned subsidiary of Emirates National Oil Company (ENOC), has inaugurated a new facility in Tangier, Morocco, with a total investment value of Dhs667 million. According to a release by HTL, the new facility named ''Horizon Tangier Terminals Ltd'' is located on the North African coast at the western entrance to the Strait of Gibraltar. This is at the crossing of two maritime routes,15 km from the European Union. Horizon Tangier Terminal stores petroleum products including Fuel Oil, Gasoline, Gasoil with a total capacity of 508,000 cubic meters, and has access to road tankers and vessels. The terminal is equipped with two berths of 30,000 DWT to 70,000 DWT in addition to eight truck loading bays for petroleum products, rail wagon loading, blend plant and recirculation systems. In addition to supplying the Northern region''s requirements, the Tangier terminal will also provide bunker services as well as serve the transit market for international petroleum marketing companies. HTL, the independent terminal arm of ENOC, manages more than 5 million CBM of storage with a network of nine terminals ranging in location from South Korea to Morocco.