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Quality Energy builds new $13bn refinery
- United Arab Emirates: Wednesday, February 06 - 2008 at 08:27
Quality Energy Petro Holding International, which is owned by a member of Abu Dhabi's Al Otaiba family, plans to build a $13bn oil refinery in the UAE and seek Iranian crude as feedstock, reported Gulf News. Quality Energy will construct the 500,000-barrel-a-day plant with the government of Russia's Chel-yabinsk region, in which the company plans to invest $100bn between now and 2012.
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Amena Bakr, Senior ReporterWednesday, February 06 - 2008 at 08:27 UAE local time (GMT+4)
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