Middle East Economic Survey


No 4


MEES Agenda

Saudi Aramco Takes Central Role Downstream

Saudi Arabia announced on 19 January that state-owned Saudi Aramco would take over management and construction of what was to have been the Kingdoms first ever private sector refinery project the proposed 250,000-400,000 b/d Jazan refinery in the economically underdeveloped southeast of the country. Riyadhs decision underlines Saudi Aramcos centrality to the countrys downstream expansion,...