Mohammad Bin Zayed inspects Adnoc facility
MOHAMMAD BIN ZAYED TOURS AL RUWAIS PETROCHEMICALS COMPLEX
Leader briefed on progress in delivering downstream strategy
His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has reinforced the UAE’s commitment, under the wise leadership of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, in further developing downstream capabilities and supporting long-term economic growth in Ruwais.
Shaikh Mohammad was speaking during a visit to Adnoc’s refining and petrochemicals facilities in Ruwais, where he was briefed on progress in delivering Adnoc’s downstream strategy as well as the company’s plans to create value and to drive profitability in the sector
During the tour, Shaikh Mohammad commended Emirati talent in attendance for their commitment to business continuity during these unprecedented times as well as their exceptional efforts in supporting critical operations that contribute to the economic growth and prosperity of our nation.
Shaikh Mohammad said: “We were delighted to see young Emirati talent at Adnoc’s facilities in Ruwais and we appreciate their exceptional efforts during this challenging period to ensure the continuity of the UAE’s oil and gas production, as well as their work to develop and expand the Ruwais Industrial Complex, further solidifying the UAE’s position in the refining, petrochemical and derivatives industry.”
Covid-19 response
Shaikh Mohammad commended the effective cooperation between government agencies and Adnoc in responding to the Covid-19 pandemic, citing business continuity throughout the value chain as well as Adnoc’s critical role in harnessing the UAE’s natural resources to drive long-term prosperity.
Shaikh Mohammad began his visit at Adnoc Refining, where he was briefed on the development and expansion of the Ruwais Industrial Complex, as the company plans to create more value in refining and petrochemicals and attract foreign direct investment to the UAE.
Shaikh Mohammad and the accompanying visitors received updates on the progress of the Crude Flexibility Project (CFP), aimed at accelerating delivery of Adnoc’s downstream strategy. CFP will enable Ruwais to process sour crude types and in turn, free higher-priced Murban crude for export sales to global oil markets. Upon completion, the project will significantly enhance Adnoc’s ability to stretch the value of every barrel of oil produced and achieve greater returns for the UAE from its existing domestic oil resources
Dr Sultan Ahmad Al Jaber, UAE Minister of State and Adnoc Group CEO, said: “His Highness’ attendance demonstrates the support and encouragement of the UAE’s wise leadership in the continued development of the oil and gas sector.”