|15 October, 2019

ADNOC wants Italy's ENI, Austria's OMC to take stake in refinery expansion

The state energy company plans to double its refining capacity and triple petrochemicals output potential by 2025

ADNOC Refining Awards Design Contract for New Refinery in Ruwais. Image used for illustrative purpose.

ADNOC Refining Awards Design Contract for New Refinery in Ruwais. Image used for illustrative purpose.

ADNOC / Handout via Zawya

MUMBAI- Abu Dhabi National Oil Company's (ADNOC) wants to partner Italy's Eni ENI.MI and Austria's OMV for expansion of refining capacity to 1.5 million barrels per day, a company executive said on Tuesday.

ADNOC has a total refining capacity of 922,000 barrels per day (bpd) including a 85,000 bpd refinery near the Abu Dhabi city.

The state energy company plans to double its refining capacity and triple petrochemicals output potential by 2025, as it focuses more on downstream expansion to capture new growth markets.

(Reporting by Promit Mukherjee; editing by David Evans) ((promit.mukherjee@thomsonreuters.com; +91-22-6180-7516; Reuters Messaging: promit.mukherjee.thomsonreuters.com@reuters.net))

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