VOL. XLIII

No. 06

7-February-2000

UAE

Fujairahs Metro Refinery To Reopen And Be Expanded

Fujairahs Department of Industry and Economy announced on 28 January that the Bermuda-registered Metro Oil Corporation had reached agreement with its creditors to reopen its refinery in the emirate within three months. Operations there stopped in March 1998 when Metro Oils parent company, Athens-based Metro Trading International, filed for bankruptcy. It was declared bankrupt the following month by the First...