ADNOC's investment plan in refining & petrochemical complex in Ruwais
ADNOC announces a $45 billion investment plan and hopes to become the world's leading downstream company.
ADNOC will create the world's largest refining and petrochemical complex in Ruwais, UAE.
To create new partnerships and investment opportunities enables ADNOC to further expand the value of each barrel of oil produced, using demand for higher value downstream products.
The downstream strategy is expected to increase by more than 15,000 jobs by 2025, and the annual contribution to gross domestic product (GDP) will increase by 1%.
ADNOC will welcome long-term partners with operational expertise, technology, financial intelligence and the ability to continuously develop new markets. Partners will also benefit from the many advantages of the Ruwais work complex, including competitive raw materials; strong production integration; a production site operated by a single owner to maximize synergies; a unique location, giving full play to the trade advantages of the East and West; highly developed ports and logistics infrastructure.
ADNOC will create the world's largest refining and petrochemical complex in Ruwais, UAE.
To create new partnerships and investment opportunities enables ADNOC to further expand the value of each barrel of oil produced, using demand for higher value downstream products.
The downstream strategy is expected to increase by more than 15,000 jobs by 2025, and the annual contribution to gross domestic product (GDP) will increase by 1%.
ADNOC will welcome long-term partners with operational expertise, technology, financial intelligence and the ability to continuously develop new markets. Partners will also benefit from the many advantages of the Ruwais work complex, including competitive raw materials; strong production integration; a production site operated by a single owner to maximize synergies; a unique location, giving full play to the trade advantages of the East and West; highly developed ports and logistics infrastructure.
