ADNOC to upgrade Ruwais refinery

ADNOC will invest about USD 3.1 billion upgrading its Ruwais refinery to process heavier crudes, Abu Dhabi’s NOC said on Wednesday.

“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,” said Abdulaziz Abdulla Alhajri, the company’s downstream director, in a statement. “It will mean we can maximise the benefit of price differentials to enhance refinery margins, improve the middle distillate products and release valuable Murban crude into the market.”

The upgrade is scheduled to be complete by 2022, the statement added.

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