News Post
ADNOC Scraps Plans for 400,000 bpd Ruwais Refinery
ADNOC of Abu Dhabi stated this week that it will cease its current plans for a new 400,000 barrels per day refinery in Ruwais, Abu Dhabi. Changes in the economy for the project were cited as the likely reason for this decision.
This shelving statement is the second downgrade of the project, following ADNOC’s decision in 2019 to reduce capacity at the project from 600,000 barrels per day to 400,000 barrels per day instead. ADNOC did add that this project is not outright canceled, and it could be revived in a more favorable economic outlook as the company intends to continue to expand its Ruwais downstream footprint.
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