Dubai plans to build a new refinery with China Sonangol, a joint venture between Angolan state oil firm Sonangol and New Bright International Development, a privately-owned Hong Kong-based firm which is well-connected in Beijing.
Shaikh Ahmad Al Maktum, Chairman of the Dubai Supreme Council of Energy, signed a memorandum of understanding (MOU) on 26 September with China Sonangol Chairman Sam Pai to build a crude oil refinery in Dubai. The proposed capacity and schedule were not disclosed. (CONTINUED - 488 WORDS)
