Also, the unit will now be set up in Raigad district as land acquisition at a previous site in Ratnagiri district was stalled due to farmer protests
The deal, expected to close in the third quarter of 2019, will result in upfront proceeds of some $4 billion to ADNOC.
It will be the second such deal with ADNOC, which is already storing oil at the Mangalore strategic storage in Karnataka
The UAE is a major OPEC producer pumping around 3 million bpd of crude oil and plans to boost its output oil capacity to 3.5 million bpd by the end of this year