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US-Saudi alliance invests $5bn to build oil refinery outside Strait of Hormuz
RIYADH: A Saudi-US alliance has entered the final stage of selecting a host country for a $5 billion integrated refinery and energy export corridor project. This project aims to create a strategic energy export platform that bypasses the Strait of Hormuz, Asharq Bloomberg has reported. The alliance, known as MERA Oil, comprises the US-based MWG Enterprises and the Patel Family Office, along with PWS, a subsidiary of the Saudi AHQ Industrial Group.
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morningstar.com
US-Saudi Consortium “MERA Oil” Enters Final Stage of Site Selection for Planned US$5 Billion Refinery and Energy Export Corridor
US-Saudi Consortium “MERA Oil” Enters Final Stage of Site Selection for Planned US$5 Billion Refinery and Energy Export Corridor
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thehindubusinessline.com
US-Saudi consortium advances plans for $5 billion Gulf refinery
US-Saudi consortium progresses on $5 billion Gulf refinery project, selecting from three potential sites to enhance energy infrastructure.
