The Abu Dhabi Oil Refining Company (Takreer) announce plans to build an oil refinery in Fujairah with an investment of $4 billion, Khaleej Times reported. 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. 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, besides the only non-American entity, the Australia-based Parsons E&C to bid for the contract this month, according to report in the Middle East Economic Digest (MEED).
