NO. 46


Saudi Arabia

Samarec Unveils $4bn 10-Year Plan for Upgrading of Refineries

Saudi Arabia's Samarec (Saudi Arabian Marketing and Refining Company) hasunveiled the broad lines of a $4bn 10-year plan to modernize and upgrade itsrefineries in the light of evolving market demand conditions. The plan - basedon a study commissioned from US consultants Purvin and Gertz - aims to improvethe profitability of Saudi refineries by maximizing output of high-valueproducts,...