A UK government agency plans to support the development of a “high risk” multi-billion pound oil refinery in Oman by opening a line of credit to boost British exports.
The Duqm oil refinery is a $7bn (£5bn) joint venture between Oman Oil Company (OOC) and Kuwait Petroleum International (KPI) which will produce 230,000 barrels of oil per day once it becomes fully operational in 2021.
Stefano Gelmini, spokesman for Greenpeace UK, said ministers would be “the merchant bankers of the global fossil fuel industry” if support for the project goes ahead.
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