UAE pays special attention to oil refining

UAE along with the other Middle Eastern states like Kuwait and Saudi Arabia has started investing in mega-refineries. This guarantees the countries’ offtake in the major emerging markets of India, China, Vietnam, Malaysia, Indonesia and others. This investment will bring major profits in the fuel logistic business.

The wave of emerging refineries will increase the capacity to more than 2.2 million barrels per day (bpd) in 2020.....