- Visit included a tour of Ruwais Industrial Complex and Ruwais City
- Investment and expansion of Ruwais to form centrepiece of ADNOC's Downstream Strategy
Abu Dhabi, United Arab Emirates, May 15, 2018: As part of the launch of the Abu Dhabi National Oil Company's (ADNOC) new Downstream strategy at the ADNOC Downstream Investment Forum in Abu Dhabi this week, over 200 senior energy, petrochemical and private sector leaders and CEOs toured the Ruwais Industrial Complex and Ruwais City, where they viewed existing facilities and key assets and were briefed on a number of future development plans.
The expansion of the Ruwais Industrial Complex and Ruwais City is at the heart of ADNOC's strategy to deliver a more valuable downstream business.
Located in the strategically important Al Dhafra region, 240 kilometres west of Abu Dhabi, and building on the existing strengths and competitive advantages of the Ruwais Industrial Complex, ADNOC's new downstream plans will create the world's largest and most advanced integrated refining and petrochemicals complex.
Through a combined program of strategic partnerships and investment, ADNOC will increase the range and volume of high-value downstream products, secure better access to growth markets around the world, and create a manufacturing ecosystem in Ruwais that will significantly stimulate In-Country Value creation, private sector growth and employment, and drive the expansion and development of Ruwais City and the Al Dhafra region.
The strategy is expected to add more than 15,000 jobs by 2025 and contribute an additional 1% to GDP per year.
ADNOC will also develop a new, large-scale, manufacturing ecosystem in Ruwais through the creation of new petrochemical Derivatives and Conversion Parks. Both parks will enable numerous new petrochemical activities and value chains in such fields as construction chemicals, oil and gas chemicals, surfactants and detergents.
As part of the Ruwais area development, ADNOC will significantly expand Ruwais City to meet the expected increase in demand for housing and other facilities resulting from an enlarged Ruwais Industrial Complex.
ADNOC plans to make Ruwais an even more attractive and thriving city for a greatly expanded, diverse and high-skilled workforce.
Along with new homes, ADNOC is undertaking a range of infrastructure and community enhancement projects to ensure residents experience the best possible quality of life and are part of a strong, sustainable community.
ADNOC's Downstream Investment Forum brought together leaders from a diverse range of industries and sectors, to discuss key trends impacting their businesses and investments in the energy and petrochemicals industry.
At the forum, ADNOC unveiled plans to become a global downstream leader, capable of stretching the margin of every barrel of oil produced, as it accelerates the delivery of its 2030 smart growth strategy.
This will deliver more valuable upstream and more profitable downstream businesses and ensure an economic and sustainable supply of gas.
The tour of the Ruwais Industrial Complex and city included visits to Ruwais Refinery West and East, several of the site's control centres, Borouge 3 and future large-scale project locations, as well as a guided bus tour of Ruwais City.