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TAKREER Awards $ 5.2 bn Refinery Contracts |
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TAKREER (Abu Dhabi Oil Refining Company) announced today that two Contracts worth $ 5.2 billion have been awarded to two international companies as part of the overall plan to expand the oil refining capacity in the Ruwais refinery. The Contracts are for "Engineering, Procurement, Construction and Commissioning" (EPC) works for two packages of the Ruwais Refinery Expansion Project which comprises of seven EPC packages. Eight companies competed for these two contracts. SK Engineering ’&’ Construction Co. from South Korea was awarded package No. 1 for a total value of US$ 2.1 billion for the Crude Distillation Unit ’&’ Associated Downstream Units and GS Engineering ’&’ Construction Corp. also from South Korea was awarded Package No. 2 for a total value of US$ 3.1 billion for the Residue Fluid Catalytic Cracking Unit ’&’ Associated Refining Units. The Ruwais Refinery Expansion Project which consists of seven different packages is aimed at increasing the crude oil refining capacity by 417,000 barrel per day with latest advanced Technology for down stream processing units to produce higher quality products. The new Refinery has been designed to comply with U.A.E. and International Environmental Standards. The other packages comprising of Offsites ’&’ Utilities, Tankage ’&’ Associated Interconnecting Piping, Marine Facilities and Non-Process Buildings will be concluded soon. TAKREER, a subsidiary of Abu Dhabi National Oil Company (ADNOC), stated that the PROJECT is due to meet commercial production by end of 2013.
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