VOL. XL

No. 9

3-March-1997

UAE

More On Dubai Condensate Refinery Project

MEES is informed by the Emirates National Oil Company (ENOC) that its condensate refinery project in the Jebel Ali free zone area in Dubai will be owned and operated by its 100% owned subsidiary - ENOC Processing Company Limited (EPCL) - which is capitalized at Dh200mn ($54mn). The refinery project will be implemented in two phases costing $200mn each. In the first phase, due for completion in the first quarter of 1998, the...