Hamriya Free Zone, India’s Gandhar Oil Refinery sign investment agreement

Sharjah: Saud Salem Al Mazrouei, director of the Hamriya Free Zone Authority and the Sharjah International Airport Free Zone Authority, signed an investment agreement with Ramesh Parekh, chairman of Gandhar Oil Refinery India, to establish an integrated project to produce white oil, liquid paraffin, hydraulic liquid, transformer oil, rubber processing oil, motor oil and industrial oil. The agreement was signed to meet the increasing demand for oil products used in cosmetics, medical products, rubber processing, transformers, vehicles and other industries that include iron and steel.