China Sonangol sign an MOU for a crude oil refinery project in Dubai

On the 24th of September 2013, The Supreme Energy Council of Dubai, presided by His Highness Sheikh Ahmed Bin Saeed Al Maktoum, and China Sonangol International Pte Ltd represented by CEO Mr. Alain Fanaie signed a Memorandum of Understanding to build, own and operate a crude oil refinery in Dubai, the United Arab Emirates.

To be located in the vicinity of Dubai, this refinery will operate on state of the art technology to process a basket of end products for domestic use as well as targeted international markets. For this purpose, a project consortium is being formed with distribution of roles spanning Front End Engineering Design, green field project financing and process flow management.

With upstream and downstream oil and gas operations in Asia and Africa, China Sonangol will bring its expertise and resources in mobilizing the project consortium. The Dubai based Noor Investment Group will act as the financial advisor to The Supreme Energy Council with respect to project financing, equity participation and project commercialization.

The establishment of this refinery is aimed at ensuring the sufficient supply of refined end products for the future consumption of Dubai and UAE at large, while further redefining the export basket composition of Dubai in favor of value added refined ends.

Sponsor:

News Category:

Company News

Other News Items

TotalEnergies to cease operating its oldest steam cracker in Antwerp

TotalEnergies’ Antwerp platform provides an update on its investments for the future and announces plan to reconfigure its petrochemicals operations to strengthen competitiveness. ...

23-04-2025
HOERBIGER to break ground on new Florida Campus in Florida

HOERBIGER Corporation of America will hold a ceremony to commemorate the groundbreaking of its future home, the HOERBIGER Florida Campus, on Wednesday, April 23rd. Construction ...

22-04-2025
Amogy and JGC to accelerate commercialisation of ammonia cracking catalyst

Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, today announced the first pilot plant deployment of its advanced ammonia cracking catalyst ...

17-04-2025
Clariant teams up with Technip to introduce new steam-to-oil catalyst

Clariant, a global leader in specialty chemicals, today announced the launch of StyroMax UL-100, its most advanced ethylbenzene dehydrogenation catalyst to date. This ...

09-04-2025
Yokogawa Launches OpreX Plant Stewardship

Yokogawa Electric Corporation announces the launch today of OpreXTM Plant Stewardship, the most comprehensive lifecycle service program in the company’s OpreX Sustainable ...

08-04-2025
IndianOil to build mega petrochemical project in Paradip

In a landmark development, Indian Oil Corporation Ltd. (IndianOil) signed a Memorandum of Understanding (MoU) with the Government of Odisha to set up a world-class Petrochemical ...

08-04-2025
BDI BioEnergy to begin construction of biofuel feedstock refinery plant

BDI-BioEnergy International has signed a contract with Ghent Renewables BV to begin the construction of a pioneering biofuel feedstock refinery plant. This facility will ...

04-04-2025
Lummus Technology completes startup of electric heater demonstration unit

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the successful startup of its SRT-eTM commercial demonstration ...

03-04-2025
Clariant announces the successful startup of MegaMax™ 900 catalyst

Clariant, a sustainability-focused specialty chemical company, today announced the successful startup of its MegaMax 900 methanol synthesis catalyst at European Energy’s ...

03-04-2025
Burckhardt Compression wins digital monitoring solutions order for petrochemical facility in Saudi Arabia

Burckhardt Compression, a global leader in reciprocating compressor technology, has won a significant order for Digital Monitoring Services in Saudi Arabia. The order ...

03-04-2025