The five trade point counters are situated in Abu Dhabi, Ajman, Al Ain, Dubai, and Sharjah
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The decision to go ahead with the massive project comes at a time when oil prices have collapsed from almost $150 a barrel last July to around $38 a barrel, cutting earnings for Opec producers by $356 billion in six months.
The expansion, which should be completed by the first quarter of 2014, will add around 400,000 barrels per day to the 400,000 bpd capacity at the Ruwais plant, the source said.
Gasoline production following the Ruwais capacity expansion, will increase by an additional 62,000-63,000 bpd to an overall production capability of around 123,000 bpd. “The earlier estimated target date was during the study phase, it was just an estimate, now the project is moving forward and we have a better understanding of how long the project will take,” the source said.
The basic engineering phase of the project, which was awarded in January 2008, is expected to end sometime in the
second quarter of
this year.
The five trade point counters are situated in Abu Dhabi, Ajman, Al Ain, Dubai, and Sharjah
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On September 23, UAE and US endorsed the Common Principles for Cooperation on AI
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The conference will be held at the Taj Exotica Resort & Spa, The Palm
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The Muay Thai Festival showcases rich heritage, emphasising its role in promoting Thai culture in the UAE
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Whether you're a driver or an Emirati traveller, this guide can help
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Dubai Police have also documented 272 violations from January to June of this year, according to the director of the Ports Police Station
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For tourists and non-UAE residents, however, ticket prices were increased
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The band will perform at Zayed Sports City Stadium on January 9, 11, 12, and 14th
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