Infinite Mining & Energy to develop refinery in HFZA ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
Infinite Mining & Energy to develop refinery in HFZA
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 48
An oil refinery with a daily production capacity of 10,000 barrels is to be set up in with Sharjah’s Hamriya Free Zone Authority (HFZA), following a new deal between Infinite Mining & Energy (IME) and the freezone. Saud Salim Al Mazrouei, Director of the HFZA, and Bilal Merchant, Managing Director of Infinite Mining & Energy FZE signed the agreement at HFZA headquarters, in the presence of senior officials from both sides. India-based IME said it will double its investment in the free zone and establish the plant with annual refining capability of up to 3.6m barrels, alongside a modern oil storage facility equipped with over 20 loading slots. As per the terms of the agreement, IME will lease

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