Middle East Economic Survey


No 4



Emarat Forms Aviation Fuel Storage Company In Jebel Ali With BP And Shell

Emirates General Petroleum Corp (Emarat) has formed a new joint venture, Emdad Aviation Fuel Storage, with subsidiaries of BP and Shell, it was announced on 16 January. The new joint venture will be located in the Jebel Ali Free Zone. Emarat, BP Global Investments Ltd and Shell Trading (ME) Private Ltd hold equal shares in the company, which has a capital value...