Oil Economy Focus Rapid Review
The unprecedented investment programme will underpin a new downstream strategy to significantly expand ADNOC’s refining and petrochemical operations at Ruwais in the UAE and undertake highly targeted overseas investments to secure greater market access. The $45billion investment programme will also see the entire Ruwais complex upgraded to increase its flexibility and integrated capabilities to produce greater volumes of higher-value petrochemicals and derivative products. A new, large-scale, manufacturing ecosystem in Ruwais will be created through new petrochemical Derivatives and Conversion Parks. Higher-value end products, including packaging materials, coatings, high voltage insulation and automotive composites will be manufactured.
LINK TO THE SOURCE ARTICLE: ADNOC repositioning to become a leading downstream player
