16 Jul 2012
(MENAFN) The International Petroleum Investment Company’s (IPIC) director-general, Khadem Abdullah Al Qubaisi, stated that the firm plans to establish a USD1.36 billion oil refinery in the emirate of Fujairah, reported Khaleej Times.
Al Qubaisi said that the company, which was behind the Abu Dhabi-Habshan oil pipeline project, will carry out technical and technological studies to set up the emirate’s largest oil refinery.
He added that the project may boost economic and social developments in Fujairah, creating around 300 vacancies for UAE nationals in its first phase.
It is worth noting that the Abu Dhabi-Habshan oil pipeline will export 1.5 million barrels per day (bpd) of crude oil through Fujairah, reaching 1.8 million barrels when demand on crude oil grows more than usual.
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more