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Sovereign Wealth Funds Briefing - Categorized | Market

UAE’s Mubadala lays foundations for Fujairah FSRU

Posted on 26 March 2012

An Abu Dhabi joint venture between sovereign wealth fund Mubadala Group and state-owned International Petroleum Investment Company (IPIC) has advanced plans for a floating storage and regasification unit (FSRU) in the port of Fujairah, Mubadala said.
“The project engineering phase has now commenced, following completion of a feasibility study last year,” said a spokesman from the sovereign wealth fund, adding that the terminal is expected to start operations in the “next two or three years.”……………………………………….Full Article: Source


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