The United Arab Emirates (UAE) will upgrade two oil refineries by the end of 2011 in a bid to meet the growing domestic demand, local newspaper Gulf News reported on Thursday.
The two refineries to be upgraded are the Ruwais refinery of the Abu Dhabi National Oil Company (ADNOC) and the Jebel Ali refinery of the Dubai-based Emirates National Oil Company (ENOC).
According to the report, the upgrade of the Ruwais refinery, whose current refining capacity stands at 400,000 barrels per day (bpd), will be completed in the fourth quarter of 2011.
The expansion of the Jebel Ali refinery, which currently has a 70,000 bpd LPG-naphtha hydrotreater and a 36,000 bpd crude catalytic reformer, is scheduled to be completed in the first quarter of 2009.
The UAE is the third largest oil producer in the Gulf region. Its proven crude oil reserves stand at 97.8 billion barrels, or slightly less than eight percent of the world's total reserves, according to media reports.