Middle East Economic Survey

VOL. LIV

No 16

18-Apr-2011

UAE

IPIC Set To Move Forward With $3Bn Fujairah Refinery

The International Petroleum Investment Company (IPIC) revealed on 13 April that it was to go ahead with existing plans to build a 200,000 b/d refinery in the emirate of Fujairah in the north east of the UAE, costing an estimated $3bn. The refinery is currently in the pre-front end engineering design (FEED) stage, and is forecast to be completed by mid-2016, the company said, before...