Abu Dhabi: The $10 billion Ruwais refinery expansion of Abu Dhabi Oil Refining Company (Takreer) is on schedule, a senior company official said yesterday.
"We are confident... the project will be completed by end 2013," Jasem Ali Al Sayegh, Takreer's general manager, said at an industry conference in the capital.
The project, upon its completion would increase Takreer's refining capacity by 417,000 barrels per day and nearly double its production of transportation fuels.
The combined refining capacity at Takreer's two refineries in Abu Dhabi is currently about 490,000 barrels per day. The expansion of its Ruwais facility will boost Takreer's overall refining capacity to nearly 1 million barrels of refined products per day.
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, and two separate packages for the site preparation works.
In November 2010, the project was under execution. In March last year, Takreer signed agreements worth $9.6 billion (Dh35.25 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.
Agreements were signed with SK Engineering and Construction Company for the crude oil distillation and associated downstream units package; GS Engineering and Construction Corporation for the residue fluid catalytic cracking unit and associated refining units and marine facilities packages; Samsung Engineering Co. Ltd, for the offsite and utilities package; and Daewoo Engineering and Construction Co. Ltd for the tankage and associated interconnecting piping package.
Takreer is a unit of the Abu Dhabi National Oil Company (Adnoc).
cost of Ruwais refinery expansion project 417,000
barrels per day Takreer's refining capacity to go up