Redirecting 50% of it to the local economy

ADNOC is investing 899.9 million dirhams to modernize the Jebel Dhanna pipelines and station

Increasing the capacity of two main pipelines ... and modernizing the crude oil storage facilities at Jebel Dhanna terminal.

From the source

ADNOC Onshore, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced yesterday that it has awarded two engineering, procurement and construction contracts to modernize two major pipelines to transport crude oil, as well as crude oil storage facilities at the Jabal Dhanna plant in the Emirate of Abu Dhabi, noting that both The China Petroleum Pipeline Engineering Company Ltd. - Abu Dhabi, and the Abu Dhabi-based "Target" Engineering Construction Company, won the contracts, with a total value of 899.9 million dirhams ($ 245 million).

Integrated strategy

In a statement, ADNOC stated that about 50% of the total value of the two contracts will be redirected to the local economy, through the ADNOC In-Country Value Enhancement Program, which confirms the company's ongoing commitment to enhancing local content during the implementation of responsible investments, in order to achieve its integrated strategy. 2030 for smart growth, while contributing to the efforts of social and economic development in the country.

First decade

ADNOC indicated that the value of the engineering, procurement and construction contract, which was won by the China Petroleum Pipeline Engineering Company Ltd. - Abu Dhabi, amounts to about $ 135 million, indicating that about 45% of the value of the contract, which is expected to be implemented within 30 months, will be redirected. To the local economy through the ADNOC Program to Enhance In-Country Value.

She added that the China Petroleum Pipeline Engineering Company Ltd. - Abu Dhabi will replace two pipelines that transport high-quality Murban crude from the Bab, Bu Hasa and Northeast Bab and Southeast fields to the Jebel Dhanna plant to increase the pipelines' carrying capacity by more than 30. %.

Second decade

As for the value of the contract, which was awarded to the "Target" Engineering Construction Company, ADNOC stated that it amounted to about $ 110 million, indicating that the company will, under the terms of the contract, be responsible for modernizing the crude oil receiving facilities at the Jabal Dhanna terminal, allowing for ADNOC uses parts of the existing facilities of the terminal to receive offshore crude oil from the Upper Zakum field, and oil that is not produced in the country, and transport it to Ruwais West Refinery, located about 12 kilometers east of the Jebel Dhanna terminal.

She added that about 60% of the value of the "Target" contract, which is expected to be implemented within 20 months, will be redirected to the local economy through the "ADNOC Program to Enhance In-Country Value" as well.

Smart investments

The CEO of ADNOC Exploration, Development and Production, Yasser Saeed Al Mazrouei, said that “the engineering, procurement and construction contracts awarded by ADNOC contribute to increasing the carrying capacity of two of its main petroleum pipelines and the modernization of the Jebel Dhanna plant to enable it to receive The oil extracted from the Upper Zakum field, and the crude produced outside the country, and delivered to the West Ruwais Refinery Project.

He added, "The award of the two new contracts came in the wake of a tender that witnessed great competition among a number of companies, which reflects the success of ADNOC's methodology in adopting smart investments to improve performance and increase the profitability of its assets."

Al Mazrouei stated that “a large part of the value of the two contracts will benefit the local economy, through the ADNOC Program to Enhance In-Country Value, in line with our commitment to creating and enhancing value for the UAE, while we are working to increase profitability from our exploration, development and production. And achieving the goals of our 2030 strategy for smart growth. ”

flexibility

It is noteworthy that the modernization of the facilities of the Jabal Dhanna terminal, which was designed and operated in the 1960s, as one of the export facilities for "Murban crude", contributes to enhancing ADNOC's flexibility in refining different types of crude oil and enabling it to increase the value of every barrel of oil it raises. Produce it and process it.

Enhancing local added value

Abu Dhabi National Oil Company (ADNOC) strategy to enhance in-country value aims to support cooperation between local and international companies, and to provide more opportunities for local companies, to contribute to stimulating economic and social development in the country, in addition to creating jobs in the private sector for citizens.

"ADNOC" stated that the two new contracts give priority to providing project materials from sources within the UAE, and using local suppliers and manufacturers, and local human cadres.

30%

An increase in the carrying capacity of pipelines, after replacing two lines that transport “Murban Crude”.

«ADNOC Onshore» awarded two contracts for engineering, procurement and construction in a highly competitive tender.

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