Adnoc has brought Italy’s Eni and Austria’s OMV into its refining unit Adnoc Refining. In a move announced 27 January, Eni will take 20% and OMV 15%, with Adnoc retaining 65%. The deal is planned to close in Q3.
Adnoc Refining has throughput capacity of 922,000 b/d from three refineries. The bulk of this (837,000 b/d) is at its Ruwais industrial hub, while the remaining 85,000 b/d is at the Abu Dhabi refinery. Products output in 2017 was 725,000 b/d, of which 512,000 b/d (70%) was exported. (CONTINUED - 1042 WORDS)