Nov 04 2010 |
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Takreer pursues $10b expansion
Thursday, Nov 04, 2010
ruwais refinery to get big capacity boost
Dubai Abu Dhabi oil refining company Takreer said it has signed signed contracts worth more than Dh36.7 billion ($10 billion) this year to carry out three large expansion projects as part of its plan to develop the oil refining industry and meet future challenges.
“The grand expansion projects comply with Abu Dhabi National Oil Company’s [Adnoc’s] policy to develop the downstream industry in the country and meet future requirements for oil and gas,” a spokesperson said.
The projects include engineering, procurement, construction and commissioning [EPCC] for five main packages of the Ruwais Refinery Expansion Project worth $9.6 billion with four Korean companies.
© Gulf News 2010. All rights reserved.
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