By IANS/WAM,
Fujairah: Japan’s Mitsubishi Corporation has plans to set up a petrochemical and oil storage facility in the United Arab Emirates.
Mitsubishi’s head of Strategy and International Cooperation in the Middle East, Hiroshi Nishimoto, met the Director General of Fujairah Chamber of Commerce and Industry (FCCI), Khaled Mohammed Al Jasem, to discuss the setting up of its unit in the northern mountainous region of Fujairah.
Al Jasem said the emirate’s location on the Gulf of Oman and the Indian Ocean is also suitable for bunkering.
He said the company is also planing to build a pipeline to export oil from Abu Dhabi’s Habshan oilfield via Fujairah.
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