MERA Oil Enters Final Stage of Site Selection for $5 Billion Refinery Project
A US-Saudi consortium called MERA Oil has entered its final stage of site selection for a planned $5 billion refinery and energy export corridor in the Gulf region. The project, led by MWG Enterprises, Patel Family Office, and AHQ Group's PWS, aims to establish a 200,000-barrel-per-day integrated refinery linked to deepwater port infrastructure and marine export facilities.
The consortium has narrowed its site selection process to three locations outside the Strait of Hormuz and is approaching a decision point. The project is expected to provide a route-resilient export platform with direct access to international shipping routes, as well as establish a long-term industrial base that would strengthen manufacturing, logistics, technical capability, and energy security in the region.
MERA Oil's Phase One capital programme of up to $5 billion is intended to establish a future-ready energy complex incorporating energy-efficient refining technologies and advanced emissions-control systems. The project aligns with broader efforts across the Gulf to expand domestic refining, storage, and export infrastructure.