Friday, November 12, 2010

Takreer invests US$10 bln to expand and diversify production capacity

In the framework of its persistent efforts to develop the oil refining industry, provide a robust support to on-going strategic expansion of Takreer refineries and meet the future challenges of optimaal integration with petrochemical industry, the Company inked this year agreement contracts worth more than US$10 bln to execute three huge expansion projects The grand expansion projects comply with Abu Dhabi National Oil Company (ADNOC)'s policy to develop the downstream industry in the country and meet future requirements for oil and gas.

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