TAKREER (Abu Dhabi Oil Refining Co.) has awarded two contracts worth $5.2 billion to two international companies as part of the overall plan to expand the oil refining capacity in the Ruwais refinery, the state-run WAM-Emirates News Agency reported Wednesday.
The contracts are for Engineering, Procurement, Construction and Commissioning (EPC) works for two packages of the Ruwais Refinery Expansion Project, which comprises seven EPC packages.
Eight companies competed for these two contracts. SK Engineering & Construction Co. of South Korea was awarded package No. 1 for a total value of US$2.1 billion for the crude distillation unit and associated downstream units. Another South Korean firm, GS Engineering & Construction Corp., was awarded Package No. 2 for a total value of US$3.1 billion for the residue fluid catalytic cracking unit and associated refining units.
The Ruwais Refinery Expansion Project, which consists of seven different packages is aimed at increasing crude oil refining capacity by 417,000 barrels per day with the latest advanced technology for downstream processing units to produce higher quality products. The new refinery has been designed to comply with U.A.E. and international environmental standards.
The news agency reported that other packages associated with the expansion -- offsites and utilities, tankage and associated interconnecting piping, marine facilities, and non-process buildings -- will be concluded soon.
TAKREER, a subsidiary of Abu Dhabi National Oil Co. (ADNOC), stated that the project is due to meet commercial production by end of 2013.
