December 26, 2010 [WAM/MMYS] - Senior officials from Japan's Mitsubishi Corporation have expressed plans to set up petrochemical and oil refining and storage business in Fujairah, North of the United Arab Emirates.
Mitsubishi Corporation Middle East’s head of Strategy and International Cooperation Hiroshi Nishimoto, at a meeting with Director General of Fujairah Chamber of Commerce and Industry (FCCI) Khaled Mohammed Al Jasem, said that Fujairah, with its strategic location, is being considered by Mitsubishi plans as a potential site for petrochemical and oil storage installations.
Present at the meeting were head of research and marketing at Abu Dhabi National Oil Company (ADNOC) and others.
Al Jasem said the emirate’s location on the Gulf of Oman and the Indian Ocean is also suitable for bunkering.
He cited plans to build a pipeline to export oil from Abu Dhabi’s Habshan oilfield via Fujairah.
