US-Saudi Consortium “MERA Oil” Enters Final Stage of Site Selection for Planned US$5 Billion Refinery and Energy Export Corridor
MWG Enterprises, Patel Family Office and AHQ Group-affiliated PWS are together advancing plans for a 200,000-barrel-per-day integrated refinery and export corridor designed to strengthen regional energy infrastructure.
MWG Enterprises, the Fort Worth-based energy development company, Patel Family Office, the third-generation global family office, and PWS, an associate company of one of Saudi Arabia’s longest-established industrial groups AHQ Group, have together launched MERA Oil, a US-Saudi private consortium, and entered the final stage of selecting a host for their planned US$5 billion integrated refinery and energy export corridor.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260728298456/en/ Pictured from left to right: Lakshmi Narayanan, Vice Chair of Patel Family Office; Marc W. Gunderson, Founder of MWG Enterprises; and Abdulmalik Alqahtani, Group Chief Executive Officer of AHQ Group
After three years of evaluating locations across the Gulf, the MERA Oil consortium has narrowed the site selection process to three GCC locations outside the Strait of Hormuz. Discussions with the candidate locations have progressed over the past two years and are approaching a decision point, with a preferred host expected to be confirmed by the end of 2026.
