(MENAFN) A $3.1 billion agreement to modify an oil refinery in the UAE was acquired by a joint venture of Samsung Engineering Co.
Samsung and CB&I are, according to the agreement with Abu Dhabi National Oil Company (ADNOC), to implement crude processing flexibility at Ruwais oil refinery.
The deal is to allow ADNOC's Ruwais Refinery-West complex to process several crude types of about 420,000 barrels on a daily basis.
Director of ADNOC's Downstream Directorate, Abdulaziz Abdulla Alhajri, stated "enabling the Ruwais Refinery-West to process Upper Zakum, or similar, medium sour crude, in place of Murban light sweet crude, will allow us to extract greater value from our crude resources."
MENAFN0802201800450000ID1096443694
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.