Adnoc to invest dh165bn with partners in downstream gas city indiana newspaper

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Abu Dhabi National Oil Co. plans to double its refining capacity and triple petrochemicals output potential by 2025, as the state energy firm focuses more on downstream expansion to be on par with Big Oil and capture new growth markets, ADNOC’s chief executive said.

Through a combined program of strategic partnerships and investment, Adnoc will increase its range and volume of high-value downstream products, secure better access to growth markets around the world and create a manufacturing ecosystem in Ruwais that will significantly stimulate In-Country Value creation, private sector growth and employment, it stated.

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Ruwais, which now includes two refineries and petrochemicals facilities, owned and operated by Borouge – Adnoc’s joint venture with Austria’s Borealis – will be see development of a six square kilometre derivatives and conversions park that will be integrated with the larger complex.

Additionally, ADNOC has announced the new Ruwais Conversion Park, which will take feedstock from the Derivatives Park and other Ruwais assets to manufacture end products. This will enable the creation of numerous new petrochemical activities and value chains, in such fields as construction chemicals, oil and gas chemicals, surfactants and detergents, to name just a few.

A week ago, on April 29, a 30-year-old man was similarly mistaken for a thief and lynched to death at Gudiyatham town in Vellore. Last year, mobs killed six people in the eastern state of Jharkhand on suspicions that they had kidnapped children.

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