Takreer awards EPCC contract for Group III base oil plant

Takreer (Abu Dhabi Oil Refining Co.) announced that a contract worth US$463 million has been awarded to Hyundai Engineering Co. Ltd. for the “Engineering, Procurement, Construction and Commissioning” (EPCC) works of the Group III base oil production facilities project at Ruwais refinery, UAE. The planned facility will be capable of producing 500,000 tons per year of Group III base oils as well as 100,000 tons per year of Group II base oils. (May 28, 2010)