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FINANCIAL NEWS
Dubai’s Petrixo to invest USD800 m in fuel refinery
05 Mar 2014
(MENAFN) Dubai-based Petrixo Oil & Gas plans to invest as much as USD800 million in bio-fuel refinery in Fujairah, according to Arab News.
Petrixo has completed the preparing the studies and engineering designs.
The project will extend over more than 460.000 square meter area near Fujairah Free Zone & Port of Fujairah.
Company sources stated that the main idea of the project is to produce bio-diesel for global and the Gulf market.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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