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$5B Oil Refinery Plan Hatched Outside Hormuz by Texas-Saudi Consortium

Guavy AI Editorial Team
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Oil
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A consortium of investors led by Texas oil tycoon Marc W. Gunderson's MWG Enterprises, along with Saudi Arabia's AHQ Group and the Patel Family Office, is planning to build a $5 billion oil refinery outside the Strait of Hormuz.

The Mera Oil consortium has reportedly finalized its site selection and is in the final stages of deciding on a location for the massive project.

Lakshmi Narayanan, Vice Chair of Patel Family Office, Marc W. Gunderson, Founder of MWG Enterprises, and Abdulmalik Alqahtani, Group CEO of AHQ Group, are part of this high-stakes venture.

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