Emirates National Oil Group (ENOC) is planning to start commercial production at its expanded refinery in Jebel Ali, Dubai in the fourth quarter of 2019.
The $1.1 billion expansion plan was outlined by Saeed Mohammed Al Tayer, vice chairman of ENOC, in a special briefing given to Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, state news agency WAM reported.
Sheikh Mohammed was given key details about the expansion project, including the refinery's production capacity and its expected contribution to the development of the country's oil industry.
The project aims to raise the production capacity of Jebel Ali refinery from 140,000 bpd to 210,000 bpd, which can help meet the requirements of local, regional and international markets, WAM said.
Al Tayer said: "The expansion of the Jebel Ali refinery reflects ENOC's continuing commitment to play a key role to achieve the vision of the UAE's wise leadership and to drive in more infrastructure development, which falls in line with Dubai 2021 Plan, and the need to meet the growing demand for energy in the emirate.
"ENOC's expansion strategy also complements the continuing effort to achieve sustainable development in Dubai, while also looking to improve and enhance the efficiency of the energy sector," said Al Tayer.
In August, ENOC announced that it has awarded the final contract of three packages that comprise its refinery expansion programme.
The Engineering, Procurement and Construction (EPC) contract, which includes the construction of various interconnecting pipelines between the refinery’s processing units, the storage tanks and the berth facilities within Jebel Ali Free Zone (JAFZA), was awarded to Overseas-AST.
Saif Al Falasi, CEO of ENOC, added: "The expansion of the Jebel Ali refinery represents our continuing efforts to develop the petroleum industry market, particularly in light of the growing demand for energy in the UAE and the move to develop the refinery project as part of our five-year strategy to provide continuous energy, as efficiently and reliably as possible, in the UAE."For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.