ENOC Group signed an agreement with Rotary Engineering Fujairah FZE to construct 12 new storage tanks as part of its plans to expand the capacity of its Jebel Ali refinery by 50 percent.
This follows the announcement of the major EPC contractor signing in September last year for the design and construction of new processing units and ancillary units.
The expansion project comprises three separate packages at an estimated value of $1bn and the expected date for commercial production is Q4 of 2019.
The 12 new tanks are designed to meet the latest and highest industry standards to help maintain high product quality throughout the refinerys logistics chain. The tanks are designed to store Jet fuel, Naphtha along with Gasoline blend stocks.
His Excellency Saif Humaid Al Falasi, Group CEO of ENOC, said: Our $1 billion expansion project at the Jebel Ali refinery is a key part of the UAEs downstream strategy to be self-sufficient in domestic fuels, as well as expanding the slate of products on offer for export.
The production capacity of our Jebel Ali refinery is 140,000 barrels per day helping to meet the requirements of local, regional and international markets. With expansion, we hope to achieve an increased capacity of 210,000 barrels per day. This will help us address the needs of the market and the wider industry, which has witnessed considerable changes in recent times.
The second package of the expansion will also see the construction of a 31,000 square foot warehouse.