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Sharafco opens US$100m oil storage terminal

Sharafco Group, a diversified petrochemicals group, has opened a new 80,000 cubic metre (cbm) oil storage terminal at Sharjah’s Hamriyah Free Zone. The new facility falls under Hamriyah-based Sharafco Petroleum FZE, a leading UAE supplier, marketer and manufacturer of petroleum and fuel products, which aims to lease out the tanks to global petrochemical traders. The US$100 million (AED 3.65b) storage ...

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