Abu Dhabi: Abu Dhabi Oil Refining Company (TAKREER) signed yesterday the EPC agreement contract for Carbon Black and Delayed Coker Project in Ruwais with Samsung Engineering.
The signing ceremony was attended by Mr. Sultan Al Mehairi, Director, Marketing and Refining Directorate, ADNOC, Kwon Tae Kyun, Ambassador of South Korea, in addition to senior officials from Takreer and Samsung Engineering.
The project aims at transforming the overall heavy oil produced by the Company’s current refineries and the new refinery (under construction) in Ruwais into light petroleum derivatives, in addition to the carbon black used by the Abu Dhabi Polymers Company (Borouge) in manufacturing pipelines and cables, as well as Anode quality coke to be used in local aluminium smelters.
The project comes within ADNOC’s strategy of diversification of production and more integration amongst its companies, in addition to the supply of necessary raw materials for local industries.
It is expected to be completed in 42 months from the award of the project to Samsung Engineering on July 31, 2012. It is worth mentioning that the project will be executed as a single EPC contract and on turn-key basis.
Once completed, the project is expected to enhance the integration amongst local industries in terms of providing raw materials required by local petrochemicals and aluminium companies. It will also increase the profitability of TAKREER’s operations as Ruwais Refinery will become a full conversion refinery with diversified production.