You are currently viewing: News



07-02-2018

ADNOC investing $3.1B in Ruwais refinery

A US $3.1 billion project to introduce crude processing flexibility, at the Abu Dhabi National Oil Company (ADNOC) owned Ruwais oil refinery, was announced today.

Known as the Crude Flexibility Project (CFP), the announcement is another significant step forward as ADNOC accelerates delivery of its Downstream refining strategy that aims to enhance margins by introducing asset flexibility, backed by strong crude and product marketing initiatives.

The announcement follows the awarding of the Engineering, Procurement and Construction (EPC) contract, for the project, to a joint venture between Samsung Engineering (Korea) and CB&I (Netherlands).

The refinery modifications, scheduled to be completed by the end of 2022, will enable ADNOC’s Ruwais Refinery-West complex to process up to 420,000 bpd of Upper Zakum crude, or similar crude types from the market, liberating Murban crude, which commands a higher price on global oil markets, to be utilised for export sales.

Abdulaziz Abdulla Alhajri, Director of ADNOC’s Downstream Directorate said: “Enabling the Ruwais Refinery-West to process Upper Zakum, or similar, medium sour crude, in place of Murban light sweet crude, will allow us to extract greater value from our crude resources. It will mean we can maximise the benefit of price differentials to enhance refinery margins, improve the middle distillate products and release valuable Murban crude into the market.”

The planned modifications will add an Atmospheric Residue De-Sulphurisation (ARDS) unit that will enable the refinery to process the Upper Zakum crude, or other similar crudes from the market. The ARDS technology is extensively used in upgrading medium to heavy petroleum oils and residues to more valuable clean environmentally friendly transportation fuels and to partially convert the residues to produce low-sulfur fuel oil and hydrotreated feedstocks.

As part of the selection criteria for the EPC contract, ADNOC Refining carefully considered the extent to which bidders would help to drive In-Country Value (ICV) for the UAE. By integrating ICV criteria into the commercial evaluation process, ADNOC aims to maximise spend on local goods and services, to support socio-economic growth, improve knowledge transfer, and create job opportunities for UAE nationals.

Sponsor : 

Other News Items

Bentley Systems to announce new offerings and joint development partnership with Siemens

Bentley Systems, Incorporated will announce the general availability of OpenPlant CONNECT Edition at ACHEMA, June 11-15, 2018 in Frankfurt, Germany. The new release allows ...

21-05-2018

Challenge accepted - technology-driven transformation

Koch-Glitsch leads the industry with innovative solutions to optimize the performance of large columns. Using advanced mechanical designs and technologies such as ported ...

21-05-2018

Qatar Petroleum to build a world-scale petrochemicals complex

Qatar Petroleum has invited a group of leading international companies, with extensive experiences in the petrochemicals industry, to submit proposals for partnering ...

15-05-2018

Honeywell opens new customer experience center in Kuwait

Honeywell today opened a state-of-the art Customer Experience Center (CEC) at its office in Mina Abdullah in southern Kuwait, which aims at giving local customers, trainees ...

15-05-2018

New two-in-one instrument simplifies flow data Control in oil and gas operations

Field technicians, SCADA personnel and managers across all oil and gas industry sectors can now more easily generate, manage and interpret flow data with a new flow computer ...

15-05-2018

PETRONAS and Saudi Aramco launch JV corporate identity

Petroliam Nasional Berhad, the national oil company of Malaysia and Saudi Arabian Oil Company; today launched the corporate identity for their joint ventures in the Pengerang ...

14-05-2018

Air Products unveils world-scale kochi industrial gas complex

Air Products today announced that it has inaugurated its new world-scale industrial gas complex within the Integrated Refinery Expansion Project (IREP) of the BPCL Kochi ...

14-05-2018

ADNOC and Cepsa sign agreement for New LAB facility in Ruwais

The Abu Dhabi National Oil Company (ADNOC) today announced it has signed a project development agreement with Cepsa of Spain for a new, world-scale Linear Alkylbenzene ...

14-05-2018

Total signs MoU with the Government of Oman

Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%, as ...

13-05-2018

ADNOC announces $45B investment plan to become leading downstream player

The Abu Dhabi National Oil Company today unveiled plans to invest AED 165 billion (US $45 billion) alongside partners, over the next five years, to become a leading global ...

13-05-2018