US-Saudi consortium advances plans for $5bn oil refinery outside Strait of Hormuz | The National
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Source: The National (UAE)
Published: 2026-07-29 21:02 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, Trade & Sanctions, Business & Economy, War & Conflict
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Snippet:
A US-Saudi consortium is advancing plans for a $5 billion oil refinery and export base in the Gulf, narrowing its search to three sites just outside the Strait of Hormuz as the Iran war disrupts energy flows.
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