United Energy Holding to Spend $350M on Fujairah Refinery
Union Energy Holding Company has announced the preparation of engineering designs for a gasoline refinery project with a designed capacity of approximately 15,000 barrels per day in Fujairah. The estimated cost ranges between $300 million and $350 million (approximately 1.1 to 1.3 billion AED). The project aims to produce Euro 5-compliant gasoline and to process naphtha, thereby enhancing refining operations and delivering value-added products to both regional and international markets. The production is expected to primarily focus on high-quality 95-octane gasoline, with a small portion allocated for hydrogen and petroleum oils.
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