Abu Dhabi Plans $45 Billion Refining, Petrochemicals Expansion - Bloomberg

Abu Dhabi Plans $45 Billion Refining, Petrochemicals Expansion - Bloomberg:

"Abu Dhabi National Oil Co. plans to invest $45 billion over five years to expand the Ruwais refining and petrochemicals complex.

The state producer known as Adnoc will expand the complex’s refining capacity by more than 65 percent, or 600,000 barrels a day, by 2025, through the addition of a third refinery, Chief Executive Officer Sultan Al Jaber said at an energy conference in Abu Dhabi. The expansion would create a total capacity of 1.5 million barrels a day for Ruwais, he said.

“We are extending an invitation to both existing and new partners to join with us in building a world-leading refining and petrochemicals complex and manufacturing ecosystem here in Ruwais,” he said."



'via Blog this'