UAE

UAE Firm to Construct and Operate Refinery in China

A UAE private-sector petroleum services firm the Mohammad al-Otaiba Group East is planning to construct and operate a 57,000 b/d refinery in China costing an estimated $324 mn. According to the official New China News Agency, the Chinese Government has approved plans for the construction of the refinery in the Shenzhen special economic zone which borders Hong Kong. The UAE firm will undertake to provide the crude feedstock for the...