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39
th
Annual Report
2-8 Syria
The Syrian government has decided to cancel the 100,000 b/d joint
venture refinery project with China National Petroleum Corporation
(CNPC) at Abu Khashab, near Dair al-Zour, but it is going ahead with
the 140,000 b/d refinery project at Furqlus, at an approximate cost
of $5 billion. This project was launched in 2006 as a joint venture
between the government of Syria (15%), Iran (25%), Venezuela
(35%) and the Al-Bukhari Group of Malaysia (25%). However, there
has been no significant progress in the project.
2-9 Tunisia
Tunisia has revealed a plan for building a refinery at La Skhira,
60km south of Sfax on Tunisia’s coast, with Libya targeted as a source
of crude. The plan was first announced in 2007. Costs are expected
to reach $1.9 billion according to an economic feasibility study. The
initial capacity is 120,000 b/d and it is expected to enter service in
2015, and would be expanded to 250,000 b/d in the second phase.
The country’s only existing 35,000 b/d refinery was built in 1963
at Bizerte city. This covers less than half of the country’s demand for
refined products.
2-10 United Arab Emirates
AbuDhabi Oil RefiningCompany (Takreer) signed an engineering,
procurement and construction (EPC) contract agreement with South
Korea’s Samsung Engineering for a carbon black production unit
with a capacity of 40,000 tons/year and delayed cocker unit with a
capacity of 30,000 b/d project in the refining complex at Ruwais. The
contract was valued at $2.48 billion. Completion is scheduled for end
