UAE's Borouge and Spain's Tecnicas sign $1.39 billion deal
The deal was initially awarded in 2007 and is for utilities and offsite work at the Borouge 2 facilities under construction at the company's petrochemicals complex in Ruwais.
"Upon the completion of Borouge 2 in 2010, Borouge's production capacity will triple to over two million tonnes of polyolefins," Abdulaziz al-Hajri, chief executive of Borouge Abu Dhabi Polymers, said in a statement."This will enable Borouge to supply its customers with high performance and value added products for an increasingly wide range of applications in all its target markets."
Borouge, a joint venture between Denmark-based petrochemical group Borealis and state-run Abu Dhabi National Oil Co, has a production complex located in the emirate of Abu Dhabi and near the 415,000 barrel per day Ruwais oil refinery, the largest in the UAE federation.
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