Middle East Economic Survey

VOL. LIV

No 18

2-May-2011

UAE

Fujairah Establishes Zone For Petroleum Industry

An Emiri decree has established the Fujairah Zone for Petroleum Industry (FOZ) concerned with all petroleum affairs and products and hydrocarbon industries, along with providing infrastructure and facilities, buildings, and administrative services to investors, WAM news agency reported on 27 April. FOZ will initially include 136 tanks with a combined storage capacity of 3mn cu ms,...