Wood awarded US$8 million contract for the design of world’s largest single site refinery
Wood has been awarded an US$8 million contract by ADNOC Refining to deliver pre-front end engineering and design (pre-FEED) for a new refinery in Ruwais.
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Wood has been awarded an US$8 million contract by ADNOC Refining to deliver pre-front end engineering and design (pre-FEED) for a new refinery in Ruwais.
The 50:50 joint venture plans to invest around US$1 billion over the next six years in the Saudi fuel retail market.
Of the 1132 awarded contracts reported in the oil and gas industry in 4Q18, 487 were in EMEA.
The signing took place on the sideline of the inauguration ceremony of the National Industrial Development & Logistics Program (NIDLP).
The technology has the potential to convert more than 60% of a barrel of crude oil into chemicals.
Following a highly-competitive selection process, Eni was awarded a 20% share in ADNOC Refining, with OMV awarded a 15% share.
The agreement was reached with the Ministry of Energy and Water of the Lebanon Republic.
Saudi Aramco and Air Products will establish a pilot fleet of fuel cell vehicles for which high-purity compressed hydrogen will be dispensed at the new fuelling station.
The FSRU, owned by Excelerate Energy, will undergo drydocking, maintenance and upgrades at the facility.
The fixed lump sum contract encompasses the engineering, procurement and fabrication of four Ammonia Tanks and nine CB&I storage tanks.
The financial impact of the scheduled maintenance will be announced once the activity is completed.
The companies will carry out work at Tupras’ Izmir refinery.