Takreer Awards $5.2b Contracts for Ruwais Refinery.Summary: ABU DHABI Abu Dhabi (ä`b  thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. u Abu Dhabi Oil Refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar Company, or Takreer, a
subsidiary of Abu Dhabi government-owned Abu Dhabi National Oil Company,
or Adnoc, has awarded two contracts worth $5.2 billion to two South
Korean companies This is a list of major companies based in South Korea. Please note that the list is highly incomplete and does not have thousands of companies of different sizes. Links should only point to the Wikipedia article, and not to a web page URL. for stepping up oil refining capacity at the Ruwais
refinery.
With this, the value of contracts awarded by various entities under the Adnoc Group of Companies in the past few days has gone up to about $ 15.5 billion, reinforcing the continued role of the oil-based industries as a major economic driver of the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. . GS Engineering and Construction Corporation and SK Engineering and Construction Company are the two South Korean companies that have bagged the contracts, the official news agency Wam reported here AaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAaAa on Wednesday. The UAE is the world's third-largest oil exporter, with Abu Dhabi holds 90 per cent of the country's oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints. Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally . The UAE in general and Abu Dhabi in particular have been making massive investments recently for diversifying its economy away from oil. Two days back, Abu Dhabi Gas Industries Limited, which is a member of the Adnoc Group, had announced the signing of four landmark contracts worth $9 billion for its Integrated Gas Development project. AaAaAa ramavarman@khaleejtimes.ae Copyright 2009 Khaleej Times The Khaleej Times is a daily English language newspaper published in Dubai, United Arab Emirates. It is published by Galadari Printing and Publishing L.L.C. with the Gulf News being its main competitor. . All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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