The Abu Dhabi Oil Refining Company (TAKREER) of the United Arab Emirates (UAE) announced on Monday that it will build a new refinery in Abu Dhabi Emirate to boost its refinery capacity, Emirates News Agency reported. When completed by 2013, the new refinery will have a capacity of 417,000 barrels per day (bpd), representing 86 percent of TAKREER's current installed refining capacity, according to the report.
The refinery is in the design phase and will be located in Ruwais, some 240 kilometers from Abu Dhabi City, the UAE capital. The project is driven by demand and the need to meet stringent product quality requirements and environmental legislation, TAKREER's general manager Jasem Ali Sayegh said.
TAKREER was established in 1999 to take over the responsibility of refining operations previously undertaken by the Abu Dhabi National Oil Company (ADNOC).
It currently manages Abu Dhabi Refinery and Ruwais Refinery whose capacities stand at 85,000 bpd and 400,000 bpd respectively.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article