Gulf Oil and Gas accountACCOUNT

Abu Dhabi Moves Ahead with $3 Bln Refinery in UAE

Source: Reuters 4/13/2011, Location: Middle East

Share |
International Petroleum Investment Company (IPIC), which is owned by the Abu Dhabi government, said it was going ahead with a proposed $3 billion refinery at Fujairah in the north of the United Arab Emirates.

The 200,000 barrel per day (bpd) oil refinery will be located near Abu Dhabi's main oil pipeline and deep water export terminals in Fujairah, IPIC said.

"It will be designed to process UAE crudes such as Murban, Upper Zakum and Dubai," it said.

Shaw Stone and Webster has been awarded the project management consultancy contract for the front-end engineering and design (FEED), it said.

The project is currently in the pre-FEED stage and project completion is scheduled for mid-2016.

"The refinery project in addition to being of strategic importance will create social and economic benefits for Fujairah and other Northern Emirates as well as creating employment opportunities during the operational phase in the UAE," said Khadem al Quabisi, managing director of IPIC, in a statement.

Various financing options including project financing are under consideration for the project, the statement said without giving details.

Project & Resource Management News in United Arab Emirates >>

United Arab Emirates >>  2/18/2018 - On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas com...
Oman >>  2/15/2018 - Saipem has been awarded a new contract in the onshore E&C sector worth approximately USD 750 million. Work involves engineering, procurement, construc...

Kuwait >>  2/13/2018 - EQUATE Group, a global producer of petrochemicals, proudly announces that 34 Kuwaiti operations technologists have joined the company’s growing team o...
Saudi Arabia >>  2/12/2018 - Wood has secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Kingdom of ...

United Arab Emirates >>  2/7/2018 - A US $3.1 billion project to introduce crude processing flexibility, at the Abu Dhabi National Oil Company (ADNOC) owned Ruwais oil refinery, was anno...
United Arab Emirates >>  1/31/2018 - His Excellency Dr Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO, has held a series of meetings with government and corporate leaders in B...

Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


United Arab Emirates Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |

Oil & Gas Projects in United Arab Emirates >>

More News

 

Oil & Gas Companies in United Arab Emirates >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.