The Government of Fujairah, UAE has signed an agreement with Etihad Refinery, a subsidiary of Etihad Energy Holding, to purchase the refinery’s gasoline production, supporting the development of the Emirate’s downstream energy sector.
The agreement establishes a long-term commercial framework
aimed at strengthening the sustainability of the Etihad Refinery project,
enhancing petroleum supply chains and supporting the UAE’s strategy to expand
value-added refining industries.
The partnership reflects Fujairah’s efforts to advance
strategic energy projects and reinforce its position as a regional hub for
petroleum industries and logistics services.
The first phase of the Etihad Refinery project is expected
to have a design capacity of around 15,000 barrels per day.
The facility will primarily process naphtha to produce Euro
5-compliant gasoline, along with other refined petroleum products for local and
regional markets.
Mohammed Al Dhanhani, Director of the Emiri Diwan in
Fujairah, said: "This agreement reflects the Government of Fujairah's
vision to strengthen energy security, reinforce the Emirate's position as a
global energy hub, support sustainable economic development, and enhance
partnerships with various sectors to further develop the energy
infrastructure." -OGN/TradeArabia News Service