UAE: oil refinery

Quality Energy Petro Holding International Ltd is planning to build a USD 13 billion oil refinery in the UAE. The 500,000bpd refinery will be a JV with the government of Russia’s Chelyabinsk region, in which Quality Energy plans to invest USD 100 billion between now and 2012. Quality Energy will begin construction on a USD 4.5 billion refinery in Chelyabinsk in 2009, once the Chelyabinsk government has concluded talks with oil companies such as Itera Holding Ltd, Rosneft Oil Co. and OAO Lukoil to secure 1 million tonnes a year of crude.
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