posted on 03/03/2010: 5884 views
The Abu Dhabi Oil Refining Company TAKREER signed yesterday agreements worth US$9.6 billion with four Korean Companies to expand its oil refining capacity in Ruwais. The Agreements are for Engineering, Procurement, Construction and Commissioning [EPC] works for five main packages of the Ruwais Refinery Expansion Project. TAKREER had announced the award of these Packages in November of last year.
Agreements were signed with SK Engineering '&' Construction Company for the Crude oil Distillation and Associated Downstream Units Package, GS Engineering '&' Construction Corporation for the Residue Fluid Catalytic Cracking Unit and Associated Refining Units and Marine Facilities Packages, Samsung Engineering Co. Ltd for the Offsite '&' Utilities Package and M/s Daewoo Engineering '&' Construction Co. Ltd for the Tankage and Associated Interconnecting Piping Package.
The Ruwais Refinery Expansion Project is part of ADNOC's strategy to develop its downstream industry to meet future requirement. The Project will serve three main objectives continuously pursued by ADNOC as follows:
1. Satisfying the growing demand of high quality petroleum products in the local market as well as increasing ADNOC's presence in the International Market for finished products while meeting future stringent specifications.
2. Integration with the neighbouring Petrochemical Industry through exporting 1.1.Million ton per year of Propylene to the Borouge Olefins Complex in Ruwais. This will result in saving investment cost and reduce operating cost to the benefit of both operating companies.
3. Development and absorption of highly qualified UAE Nationals in both Project execution phase as well as in the subsequent operation of the plant. The Project will create opportunities for young UAE Nationals to learn new technologies through interaction with various disciplines of these Engineering Companies.
The Project is scheduled to be completed by the end of 2013. Measures to ensure safety of personnel and eliminate adverse impact to the environment, has been given high priority in all aspects of project management. Wherever possible, selected Contractors will utilise local suppliers for providing equipment and services.
The Ruwais Refinery Expansion Project will increase TAKREER's refining capacity of crude oil by 417,000 Barrels per day and nearly double its production of transportation fuels; Gasoline, Jet and Diesel. Takreer operates today at 490,000 Barrels per day name plate capacity at its two sites in Abu Dhabi and Ruwais.
The process configuration consists of 21 major Process Units with supporting Offsite and Utilities Units. Latest technology to reduce the carbon footprint has been incorporated enabling TAKREER to become an environmental pacesetter in future.
The centrepiece of the project is the Residue Fluidised Catalytic Cracking Unit; at 127,000 Barrels per day, the largest of its kind under construction. The scheme was selected to profitably upgrade the bottom of the barrel and to maximise propylene production for capturing the benefits of integrating with petrochemicals industry.
The signing ceremony took place in the Sheikh Khalifa Energy Complex in Abu Dhabi. The ceremony was attended by HE Yousef Omair Bin Yousef, Secretary General of the Supreme Petroleum Council and ADNOC CEO HE Chung Yong-Chil, Ambassador of the Republic of South Korea and senior staff from ADNOC, TAKREER and the Korean Contractors. - Emirates News Agency, WAM
|06 December 2013||Yabhouni: We are ahead of a year full of challenge|
|05 December 2013||OPEC 164th meeting concludes: Appointment of Dr. Ali Obaid Al Yabhouni, UAE's OPEC Governor as Chairman of the Board of Governors for 2014|
|05 December 2013||TAQA subsidiary receives approval for Morocco listing|
|04 December 2013||UAE Energy Minister says UAE and other OPEC members are committed to provide adequate crude supplies to consumers|
|28 November 2013||Dolphin Energy Limited signs MOU with Nord Stream AG|