ADNOC investeert $45 miljard om wereldwijde speler in downstream markt te worden
ABU DHABI, Verenigde Arabische Emiraten—(BUSINESS WIRE)–
- ADNOC gaat ‘s werelds grootste geïntegreerde raffinage- en petrochemische complex bouwen in Ruwais, Verenigde Arabische Emiraten.
- Via nieuwe partnerships en investeringsmogelijkheden wil ADNOC de waarde van elk geproduceerd vat verder op rekken en een hefboomeffect te hebben op de groeiende vraag naar hoogwaardige downstreamproducten.
- De downstreamstrategie zorgt voor meer dan 15.000 banen en een bijdrage van 1% jaar aan het GDP per jaar.
The Abu Dhabi National Oil Company (ADNOC) heeft vandaag plannen onthuld om in de komende vijf jaar 45 miljard dollar te investeren samen met partners om een toonaangevende wereldwijde downstreamspeler te worden. De plannen werden onthuld op het ADNOC Downstream Investment Forum, dat zondag plaatsvond in Abu Dhabi, VAE. Het evenement bracht meer dan 40 CEO’s en 800 senior business leiders uit de wereldwijde olie- en gas-, energie-, petrochemische en financiële industrieën, alsmede vele andere sectoren.
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ADNOC Announces US $45 Billion Investment Plan to Become Leading Global Downstream Player
ABU DHABI, United Arab Emirates–(BUSINESS WIRE)–
- ADNOC to create the world’s largest integrated refining and petrochemicals complex in Ruwais, UAE
- Creation of new partnership and investment opportunities to enable ADNOC to further stretch value of every barrel produced and leverage growth in demand for higher-value downstream products
- Downstream strategy expected to add more than 15,000 jobs by 2025 and contribute an additional 1% to GDP per year
The Abu Dhabi National Oil Company (ADNOC) today unveiled plans to invest US $45 billion alongside partners, over the next five years, to become a leading global downstream player. The plans were unveiled at the ADNOC Downstream Investment Forum, which took place today in Abu Dhabi, UAE. The event brought together more than 40 CEOs and 800 senior business leaders from the global oil and gas, energy, petrochemical and finance industries, as well as many other sectors.
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His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, announces the company’s $45 billion investment plan to become a leading global downstream player. (Photo: AETOSWire)
Building on the existing strengths and competitive advantages of the Ruwais Industrial Complex, ADNOC will create the world’s largest and most advanced integrated refining and petrochemicals complex, increasing the range and volume of its high-value downstream products, securing better access to growth markets around the world, and creating a manufacturing ecosystem in Ruwais. ADNOC’s new strategy is expected to create more than 15,000 jobs and contribute 1% to UAE GDP growth.
H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, said: “Given the projected increase in demand for petrochemicals and higher-value refined products, we are repositioning ADNOC to become a leading global downstream player. We will invest significantly in Ruwais and open up attractive partnership and co-investment opportunities along our extended value chain to create a powerful new downstream engine and springboard for growth that will benefit our country, our company and our partners.”
“Importantly, the expansion plans for Ruwais will also support Abu Dhabi and the UAE’s economic development and diversification, create high-skilled jobs and enhance the country’s status as a globally attractive destination for energy investments,” he added.
ADNOC will again welcome long-term partners who bring operational expertise, technology, financial acumen and the ability to develop and open new markets. In return, partners will benefit from the strengths of the Ruwais Industrial Complex, including: competitive feedstock; strong integration; a site operated by a single owner to maximize synergies; an advantaged geographic location well-positioned for east-west trade; and, a highly-developed port and logistics infrastructure.
Plans are well advanced to expand the complex’s refining capacity by more than 65%, or 600,000 bpd by 2025, through the addition of a third, new refinery, creating a total capacity of 1.5 million barrels per day (mbpd). The entire Ruwais complex will also be upgraded to produce greater volumes of higher-value petrochemicals and derivative products. It includes a plan to build one of the world’s largest mixed feed crackers, trebling production capacity from 4.5 mtpa in 2016 to 14.4 mtpa by 2025.
ADNOC will also develop a new, large-scale, manufacturing ecosystem in Ruwais through the creation of new petrochemical Derivatives and Conversion Parks, creating a focal point for the global petrochemicals industry. The Ruwais Derivatives Park will act as a prime catalyst for the next stage of petrochemical transformation by inviting partners to invest and produce new products and solutions from the growing range of feedstocks that are available in Ruwais.
The new Ruwais Conversion Park will spur new business creation further down the value chain, manufacturing higher-value end products, including packaging materials, coatings, high voltage insulation and automotive composites.
About ADNOC
ADNOC is a major diversified group of energy and petrochemical companies, that produces about 3 million barrels of oil and 10.5 billion cubic feet of raw gas a day. Its integrated upstream, midstream and downstream activities are carried out by 14 specialist subsidiary and joint venture companies. To find out more visit www.adnoc.ae. For further information: media@adnoc.com.
*Source: AETOSWire
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Contacts
ADNOC
Sean McCarthy, +971564067996
smccarthy@adnoc.ae