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Persian Gulf Refinery Project Unveiled | Texas News
A $5 billion oil refinery is set to transform the Persian Gulf, with Fort Worth’s MWG Group leading a U.S.-Saudi consortium aiming for 200,000 barrels per day—designed for efficiency and emissions control amid geopolitical tension. Located outside the Strait of Hormuz, the MERA Oil project, backed by the Patel Family Office and Saudi AHQ Group, is scouting Gulf Cooperation Council sites for final placement by year’s end. Driven by global energy demand and U.S. refining bottlenecks, this facility—paired with a deepwater port and storage—aims to stabilize markets. Meanwhile, a Texas refinery…
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