On the same day it was announced that a joint venture of Emarat, the UK’s BPand Netherlands-based Trafigura are establishing an AED 95.5 million ($26 million) unleaded gasoline blending, storage and distribution facility at Dubai’s Jebel Ali Free Zone. The local company will hold a 60 per cent stake in the project and the other two a 20 per cent stake each. Construction is to begin in July and commissioning will take place sometime in 2004. Leaded petrol is being phased out in the UAE: from 1 January 2003 hundreds of service station began selling unleaded fuel.