Monday, 14 May 2018

ADNOC to invest $45bn in downstream refining, power gen at Ruwais

Abu Dhabi National Oil Company (ADNOC), the leading energy group in the United Arab Emirates, has announced plans to invest $45 billion in downstream projects at its Ruwais refinery, including generators to power the expanded refining and petrochemical operations. The sour gas venture alone foresees the construction of 11 onshore artificial islands that could meet up to 20% of the UAE's domestic gas demand after 2026.

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