241
CHAPTER THREE
Arab And World Developments
of 2015. The project aims at transferring the overall heavy oil output
from Takreer’s existing refineries and a refinery expansion currently
under construction at Ruwais into light petroleum derivatives as well
as carbon black. The latter is used by Abu Dhabi Polymers Company
(Borouge) in manufacturing of pipelines and cables, as well as anode
quality coke for use by local aluminium smelters.
Takreer awarded EPC contracts worth a combined $9.6 billion
to Korean companies for the Ruwais expansion in March 2010.The
Ruwais expansion plant will comprise 21 new process units and
20 supporting offsite and utilities units. The RFCC unit, which is
considered as the heart of the refinery will be one of the largest in
the world, with capacity of 127,000 b/d. The expansion is primarily
intended to help meet rising domestic demand for cleaner gasoline and
jet fuel, while offering the opportunity of exporting products to Asia.
The International Petroleum Investment Company (IPIC) has
revealed that it will go ahead with its existing plan to build a 200,000
b/d refinery in the emirate of Fujairah in the north east of the UAE at
an estimated cost of $3 billion. The project is currently in the front
end engineering design (FEED) stage and is expected to be completed
by mid 2016.
As for the non-OAPEC Arab countries, investment projects are
limited to Oman, as follows.
2-11 Oman
Oman plans to expand its current refining capacity to 305,000 b/d.
Sohar Refinery Company has announced a plan for expanding its
116,000 b/d nameplate capacity refinery at Sohar to 175,000 b/d as
well as building a 30,000 b/d bitumen unit. Sohar refinery’s upgrading
