UAE's IPIC talks to two firms on Fujairah refinery

Abu Dhabi's government-owned IPIC is talking to two international companies that could operate and part-own the Fujairah oil refinery project, IPIC's managing director said on Monday.

The International Petroleum Investment Company would make a decision on whether to proceed with the refinery next year, Khadem Al Qubaisi told Reuters.

"We are in touch with two well-known companies to operate and own a stake in the refinery," he said. He declined to name the companies.