Takreer, leading Abu Dhabi-based Oil Refining Company, has placed two contracts of USD 5.2 billion to two South Korean conglomerates for intensifying oil refining capacity at the Ruwais refinery.

The two South Korean conglomerates that have secured the orders are GS Engineering and Construction Corporation and SK Engineering and Construction Company.

Takreer, is an arm of Abu Dhabi government-controlled Abu Dhabi National Oil Company (Adnoc).

Today an announcement was made by UOP LLC, a Honeywell company, that they have been selected by the Abu Dhabi Oil Refining Company, also known as Takreer, with the aim to supply technology and engineering services for an expansion at its Ruwais Refinery in the United Arab Emirates.