Project Snapshot
Morocco Refinery
Facility Type: Refinery
Scope: New Construction
Owner: International Petroleum Investment Co.
Location: Jorf Lasfar  Morocco
Region: Africa
Modified:  September 10, 2008


Project description

In its June 13, 2008, issue, the London-based Middle East Economic Digest (MEED) reported that Abu Dhabi's $10-billion oil and gas fund IPIC has approved a plan to build a $5 billion refinery in Jorf Lasfar on Morocco's west coast.

The refinery would supply refined products to the domestic market but at press time the source of the crude for the facility was uncertain, according to MEED. A Dow Jones article describing the MEED report stated that WoodMackenzie was working on a feasibility study for the refinery, which is expected to begin production in 2013.

The MEED report also said that IPIC seeks to add an international partner to the project. U.S.-based Occidental Petroleum (Oxy) was named as one potential candidate. In fact, Oxy announced in March 2008 that it had signed an agreement with IPIC for the companies to jointly evaluate and participate in the development of both upstream and downstream projects both within and outside the Middle East region. In that same announcement, Oxy's chairman and CEO, Ray Irani, said that the deal with IPIC would allow Oxy to boost its presence in the Middle East/North Africa region. A Morocco refinery would certainly contribute to that objective.

  Key Stats
Construction type:
New Construction
Post project capacity:
200,000 b/d
Project cost:
$5B
Project completion date:
2013
  Related Articles
Abu Dhabi's IPIC Approves $5B Morocco Refinery
Jun 16, 2008 - Abu Dhabi's $10 billion oil and gas fund, International Petroleum Investment Co., or IPIC, has approved plans to build a 200,000-barrel a day refinery in Morocco, London-based Middle East Economic Digest reported Friday.
Oxy, IPIC Investment Deal Includes Downstream Projects
Mar 10, 2008 - Occidental Petroleum Corp. announced Monday the signing of an agreement with Abu Dhabi's International Petroleum Investment Co. (IPIC) for joint participation in hydrocarbon-related investments.



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