Dubai pens refinery deal with Sonangol | Fox News:
"Dubai said on Thursday that it has signed a memorandum of understanding with China Sonangol to build a crude oil refinery aimed at meeting rising domestic demand.
The refinery, which will be the second in the Gulf emirate, will process end products for "domestic use as well as targeted international markets," the government of Dubai said in a statement.
"The refinery will seek to ensure the sustained supply of refined end products for the emirates future energy consumption while further augmenting Dubais export portfolio," it said."
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