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FINANCIAL NEWS
Ruwais refinery to complete by 2013
12 May 2011
(MENAFN) Abu Dhabi Oil Refining Company’s (Takreer) general manager, Jasem Ali Al Sayegh, said that the expansion of the company’s refinery, Ruwais, that would cost USD10 billion would be completed as scheduled by the end of 2013, reported Gulf News.
Al Sayegh added that once the project would be finished, it would raise
Takreer’s refining capacity by 417,000 barrels per day (bpd) in addition to increasing its output of transportation fuels, adding that the expansion of Ruwais facility would enhance the company’s overall refining capacity to one million barrels of refined products per day compared with 490.000 barrels per day, the current output of Takreer’s combined refining capacity of its two refineries in Abu Dhabi.
He also said that in March 2010, Takreer signed agreements worth USD9.6 billion with four Korean companies to expand its refining capacity at Ruwais by the end of 2013. The agreements were for engineering, procurement, construction and commissioning (EPC) works for five main packages of the Ruwais refinery expansion project.
It is worth noting that the project will be developed in eight packages, including crude distillation and sulphur recovery facilities, a residue fluidized catalytic cracker, offsites and utilities, storage tanks, infrastructure work, marine works as well as two separate packages for the site preparation works.
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