Takreer to increase refining capacity 60% :: Khaleej Times
The Abu Dhabi Oil Refining Company (Takreer) plans to build an oil refinery in Fujairah with an investment of $4 billion. The refinery, designed to process high-grade petrol, diesel and related products, will have a capacity of 300,000 barrels per day (bpd), a Takreer official confirmed to Khaleej Times yesterday.This Seoul Times article does a nice job of outlining the current tightness in oil refining capacity.
'Takreer chose Fujairah for its convenient location and also because it wanted a major refinery far away from Abu Dhabi, primarily as a safety back-up that might eventually even replace the existing refineries in the future,' the official said. Takreer, a sister company of Adnoc, has not yet appointed a project management consultancy (PMC) provider. The company, however, is expected to invite US companies Bechtel, Kellog Brown & Root (KBR), Fluor Corporation and Foster Wheeler among others. . . .