US$ 45bn deal to make ADNOC a leading global downstream player
ADNOC Refining recently took a step closer to building the world’s largest integrated refining and petrochemicals complex, in Ruwais, when it awarded a Pre-Front End Engineering and Designing (Pre-FEED) contract to the Wood Group, a global leader in engineering, project and technical services, for the new refinery in Ruwais.
The contract award is a key milestone as ADNOC accelerates delivery of its AED 165bn (US$ 45bn) expansionary downstream strategy which will make ADNOC a leading global downstream player and enable it to increase the range and volume of high-value downstream products it sells.
The award is for an advanced refinery with a capacity of 600,000 barrels of crude oil per day. In keeping with modern design, the new refinery will be designed to have full conversion capability and allow integration with petrochemicals industries in Ruwais which is already the fourth largest single site refinery in the world.
“This deal marks a significant step towards fulfilling ADNOC’s strategy of developing the largest integrated refinery and petrochemicals complex in the world,” commented Jasem Ali Al Sayegh, CEO, ADNOC Refining.
