Emirates National Oil Company (ENOC), owned by the Dubai government, plans to increase capacity at its Jebel Ali refinery by 20,000 barrels per day (bpd) to 140,000 bpd, the company said.
"The company is in the process of undertaking a refinery debottlenecking project which will increase its refining capacity to 140,000 bbls/day," ENOC said in a statement. The so-called debottlenecking process involves capacity improvements that improve flow.
It did not give further details about the refinery project.
Jebel Ali port is Dubai's main shipping hub, both for general cargo and for oil product shipments. Fuel retailer ENOC is among the biggest oil storage owners at Jebel Ali, with its 1.2 million cubic meters of storage capacity.
ENOC is also in the process of building a second jet fuel pipeline to Dubai International Airport from Jebel Ali terminal, it said.
Its wholly owned unit, Horizon Terminals, signed a $100 million sharia-compliant loan to partly fund the construction of a terminal to supply jet fuel to the airport.
Emirates NBD, Noor Islamic Bank and Standard Chartered provided the 10-year loan which is made up of a dollar and dirham tranche, ENOC said.
A 60-kilometre pipeline will link the airport with a bulk liquid petroleum terminal at the Jebel Ali Free Zone industrial park. The storage tanks for the terminal have a capacity of 141,000 cubic metres.
It will be the second jet fuel pipeline to link the industrial area with Dubai's airport, the statement added.