https://www.miningweekly.com
AHQ|MWG|PWS|Carbon Management|Crude Oil|Energy Infrastructure|Oil Refining|Strait Of Hormuz|Gulf Cooperation Council|MERA Oil|Gulf|Sustainable Aviation Fuel
|||||
ahq|mwg|pws|carbon-management|crude-oil|energy-infrastructure|oil-refining|strait-of-hormuz|gulf-cooperation-council|mera-oil|gulf|sustainable-aviation-fuel

US-Saudi consortium advances plans for $5bn Gulf refinery

Patel Family Office vice chairperson Lakshmi Narayanan, MWG Enterprises founder Marc Gunderson and AHQ Group CEO Abdulmalik Alqahtani

Patel Family Office vice chairperson Lakshmi Narayanan, MWG Enterprises founder Marc Gunderson and AHQ Group CEO Abdulmalik Alqahtani

29th July 2026

By: Reuters

  

Font size: - +

DUBAI - The MERA Oil consortium of US and Saudi Arabian companies is advancing plans for a $5-billion integrated refinery and export corridor in the Gulf aimed at boosting regional energy infrastructure, its partners said on Wednesday, as the Iran war continues to disrupt energy flows.

Texas-based energy development company MWG Group, the Patel Family Office and PWS, an associate company of Saudi industrial conglomerate AHQ Group, have entered the final stage of site selection for the refinery, which will have capacity of 200 000 barrels a day.

The consortium has narrowed the site selection process to three locations in the Gulf Cooperation Council six-nation bloc.

The preferred host is expected to be confirmed by the end of 2026, the companies said, without providing specific locations.

The integrated refinery will be linked to deepwater port infrastructure, large-scale storage of crude and refined products, and marine export facilities.

MERA Oil said the planned project is located outside the Strait of Hormuz and aims to provide an export platform with direct access to international shipping routes.

The energy complex will incorporate energy-efficient refining technologies and advanced emissions-control systems.

Sustainable aviation fuel co-processing and carbon-management capabilities are also being evaluated as potential future components.

The consortium is engaged in talks with feedstock providers, with definitive arrangements expected to progress alongside the final site decision.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Advanced Fire Suppression Technologies
Advanced Fire Suppression Technologies

Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...

VISIT SHOWROOM 
Essentra Components
Essentra Components

We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.024 0.045s - 116pq - 2rq
Subscribe Now