Wednesday, October 19, 2005

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.

'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. . . .
This Seoul Times article does a nice job of outlining the current tightness in oil refining capacity.



Anonymous Bartman said...

Of course, Takreer is not a "sister" company to ADNOC, it is a subsiduary, one of the 15 operating companiers that is wholly or partly owned by the parent holding company, ADNOC.

1:08 PM  

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